TD Securities Forecasts Strong Price Appreciation for Skeena Resources (TSE:SKE) Stock

Skeena Resources (TSE:SKE) had its target price lifted by TD Securities from C$35.00 to C$49.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 13.95% from the stock’s current price.

A number of other equities analysts have also recently commented on SKE. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Finally, CIBC boosted their price objective on shares of Skeena Resources from C$40.00 to C$44.00 in a research report on Tuesday, January 13th. 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 a consensus target price of C$43.00.

Skeena Resources Trading Down 0.3%

SKE opened at C$43.00 on Thursday. The stock has a 50-day moving average of C$32.73 and a 200 day moving average of C$26.53. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. Skeena Resources has a 12 month low of C$12.15 and a 12 month high of C$43.92. The firm has a market cap of C$5.21 billion, a P/E ratio of -43.88 and a beta of 2.11.

Skeena Resources Company Profile

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.