Skeena Resources Limited (TSE:SKE – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from C$18.00 to C$20.00. BMO Capital Markets currently has an outperform rating on the stock. Skeena Resources traded as high as C$7.48 and last traded at C$7.31, with a volume of 291678 shares. The stock had previously closed at C$6.62.
Several other brokerages have also commented on SKE. Canaccord Genuity Group boosted their price target on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday, April 23rd. Desjardins upped 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. Scotiabank cut their target price on shares of Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Raymond James increased their price target on Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$16.67.
Check Out Our Latest Analysis on Skeena Resources
Insider Activity at Skeena Resources
Skeena Resources Trading Up 10.9 %
The firm has a market capitalization of C$666.55 million, a P/E ratio of -5.69 and a beta of 1.68. The business has a 50 day moving average of C$6.42 and a 200-day moving average of C$6.08. The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00.
Skeena Resources (TSE:SKE – Get Free Report) last posted its quarterly earnings data on Friday, May 10th. The company reported C($0.30) earnings per share for the quarter, missing the consensus estimate of C($0.06) by C($0.24). Analysts anticipate that Skeena Resources Limited 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.
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