Skeena Resources (TSE:SKE) Price Target Raised to C$36.00

Skeena Resources (TSE:SKE) had its price target increased by CIBC from C$26.00 to C$36.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Raymond James Financial increased their price target on shares of Skeena Resources from C$21.00 to C$26.00 in a research report on Thursday, August 21st. TD Securities raised shares of Skeena Resources to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada increased their price target on shares of Skeena Resources from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of C$25.50.

Skeena Resources Stock Up 3.7%

Shares of Skeena Resources stock opened at C$26.08 on Thursday. The business has a 50-day moving average of C$22.58 and a 200-day moving average of C$19.36. The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55. The company has a market capitalization of C$3.00 billion, a PE ratio of -17.39 and a beta of 1.67. Skeena Resources has a 1-year low of C$10.34 and a 1-year high of C$26.41.

Insider Transactions at Skeena Resources

In other Skeena Resources news, Director Craig Andrew Parry sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of C$20.48, for a total value of C$307,203.00. Following the transaction, the director owned 225,926 shares of the company’s stock, valued at C$4,627,009.67. This trade represents a 6.23% decrease in their ownership of the stock. 1.51% of the stock is owned by corporate insiders.

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.