Canaccord Genuity Group Boosts Skeena Resources (TSE:SKE) Price Target to C$17.00

Skeena Resources (TSE:SKE) had its price target lifted by investment analysts at Canaccord Genuity Group from C$14.75 to C$17.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 160.74% from the stock’s current price.

SKE has been the subject of several other reports. Desjardins increased their price objective on Skeena Resources from C$18.25 to C$19.75 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Raymond James increased their price target on shares of Skeena Resources from C$13.00 to C$14.00 in a report on Tuesday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and a consensus price target of C$16.39.

Skeena Resources Stock Performance

SKE traded up C$0.39 during trading on Tuesday, hitting C$6.52. The stock had a trading volume of 236,410 shares, compared to its average volume of 313,821. The company has a current ratio of 1.35, a quick ratio of 1.55 and a debt-to-equity ratio of 2.27. Skeena Resources has a 12 month low of C$4.20 and a 12 month high of C$10.38. The company has a 50 day simple moving average of C$5.80 and a 200-day simple moving average of C$5.78. The firm has a market cap of C$588.23 million, a PE ratio of -5.78 and a beta of 1.67.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data on Monday, April 1st. The company reported C($0.37) EPS for the quarter. Analysts expect that Skeena Resources will post -0.4862973 EPS for the current year.

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.