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

Skeena Resources (TSE:SKEGet Free Report) 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, Skeena Resources presently has an average rating of “Buy” and a consensus price target of C$16.39.

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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:SKEGet Free Report) 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

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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.

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