Analysts Set Skeena Resources Limited (TSE:SKE) Price Target at C$16.67

Shares of Skeena Resources Limited (TSE:SKE) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$16.67.

Several equities research analysts recently weighed in on the stock. Desjardins increased their price objective on shares of Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. BMO Capital Markets increased their price target on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Raymond James boosted their price objective on Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Scotiabank dropped their target price on Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 26th. Finally, Canaccord Genuity Group boosted their price target on shares of Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd.

Skeena Resources Stock Performance

Skeena Resources has a 1-year low of C$4.20 and a 1-year high of C$7.53. The company has a 50 day simple moving average of C$6.45 and a 200-day simple moving average of C$6.09. The company has a debt-to-equity ratio of 26.00, a current ratio of 3.86 and a quick ratio of 1.55. The stock has a market capitalization of C$666.55 million, a P/E ratio of -5.69 and a beta of 1.68.

Skeena Resources (TSE:SKE) last issued its earnings results on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). As a group, equities research analysts forecast that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Activity at Skeena Resources

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

Skeena Resources Company Profile

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.