Skeena Resources (TSE:SKE) Price Target Raised to C$18.00 at Royal Bank of Canada

Skeena Resources (TSE:SKE) had its price target hoisted by equities research analysts at Royal Bank of Canada from C$17.00 to C$18.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 37.40% from the company’s current price.

A number of other research firms have also recently weighed in on SKE. CIBC cut their price objective on shares of Skeena Resources from C$17.00 to C$16.00 in a research report on Monday, December 2nd. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Scotiabank upped their price target on shares of Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Skeena Resources has a consensus rating of “Buy” and a consensus target price of C$16.96.

Skeena Resources Trading Up 0.6 %

SKE stock opened at C$13.10 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$4.48 and a twelve month high of C$14.28. The stock has a market capitalization of C$1.40 billion, a price-to-earnings ratio of -8.56 and a beta of 1.65. The firm’s fifty day simple moving average is C$12.59 and its two-hundred day simple moving average is C$9.98.

Insider Transactions at Skeena Resources

In related news, Director Craig Andrew Parry sold 70,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$10.58, for a total value of C$740,509.00. Also, Senior Officer Andrew Macritchie sold 22,850 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$11.89, for a total transaction of C$271,597.39. Over the last ninety days, insiders have sold 107,407 shares of company stock worth $1,171,233. Insiders own 1.51% of the company’s stock.

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.