Canaccord Genuity Group Forecasts Strong Price Appreciation for Skeena Resources (TSE:SKE) Stock

Skeena Resources (TSE:SKE) had its price objective upped by equities research analysts at Canaccord Genuity Group from C$40.00 to C$52.00 in a report released on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 20.79% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce increased their target price on Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada lifted their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Scotiabank increased their price objective on Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Finally, TD Securities boosted their price target on shares of Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$47.43.

Skeena Resources Stock Down 0.0%

SKE stock opened at C$43.05 on Wednesday. The stock has a market cap of C$5.24 billion, a P/E ratio of -27.08 and a beta of 2.35. The stock’s fifty day simple moving average is C$43.70 and its two-hundred day simple moving average is C$33.94. The company has a current ratio of 1.82, a quick ratio of 1.55 and a debt-to-equity ratio of 39.64. Skeena Resources has a 1-year low of C$12.15 and a 1-year high of C$53.00.

Skeena Resources (TSE:SKE) last issued its quarterly earnings results on Tuesday, March 24th. The company reported C($0.61) EPS for the quarter. Analysts expect that Skeena Resources will post -0.4862973 EPS for the current year.

About Skeena Resources

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.