Skeena Resources (TSE:SKE) Price Target Lowered to C$12.00 at Scotiabank

Skeena Resources (TSE:SKE) had its target price lowered by Scotiabank from C$14.00 to C$12.00 in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

SKE has been the topic of several other reports. Canaccord Genuity Group upped their price objective on shares of Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday, April 23rd. Raymond James upped their price objective on shares of Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$16.33.

Skeena Resources Stock Performance

TSE:SKE opened at C$5.87 on Wednesday. Skeena Resources has a 12-month low of C$4.20 and a 12-month high of C$7.31. The company has a quick ratio of 1.55, a current ratio of 3.86 and a debt-to-equity ratio of 26.00. The firm has a market capitalization of C$533.05 million, a PE ratio of -4.55 and a beta of 1.68. The firm has a 50-day moving average price of C$6.40 and a 200 day moving average price of C$6.06.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.06) by C($0.24). Research analysts anticipate that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is owned by insiders.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.