Skeena Resources Limited (TSE:SKE) Receives C$16.96 Average PT from Analysts

Skeena Resources Limited (TSE:SKE) has been given an average rating of “Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$16.96.

SKE has been the subject of a number of research reports. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank increased their price objective on shares of Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Royal Bank of Canada lifted their target price on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group increased their price target on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd.

Insider Transactions at Skeena Resources

In related news, Senior Officer Andrew Macritchie sold 22,850 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$11.89, for a total value of C$271,597.39. In other news, Senior Officer Andrew Macritchie sold 22,850 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$11.89, for a total transaction of C$271,597.39. Also, Senior Officer Justin Reed Himmelright sold 7,500 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$10.99, for a total value of C$82,395.00. Insiders have sold a total of 37,407 shares of company stock worth $430,724 in the last three months. Insiders own 1.51% of the company’s stock.

Skeena Resources Stock Performance

TSE SKE opened at C$12.86 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$14.28. The business has a 50-day moving average price of C$11.95 and a 200-day moving average price of C$9.05. The firm has a market cap of C$1.37 billion, a price-to-earnings ratio of -8.41 and a beta of 1.65.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.30). As a group, equities research analysts predict that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

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.