Skeena Resources (TSE:SKE) Price Target Raised to C$53.00

Skeena Resources (TSE:SKE) had its price objective hoisted by Royal Bank Of Canada from C$34.00 to C$53.00 in a research report report published on Wednesday,BayStreet.CA reports.

Several other research firms also recently commented on SKE. Desjardins raised Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. CIBC raised their price target on shares of Skeena Resources from C$26.00 to C$36.00 in a research report on Thursday, September 25th. TD Securities lifted their price objective on shares of Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Raymond James Financial increased their target price on shares of Skeena Resources from C$21.00 to C$26.00 in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$32.80.

Skeena Resources Trading Down 2.3%

Shares of Skeena Resources stock opened at C$33.61 on Wednesday. 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 business has a fifty day simple moving average of C$26.20 and a two-hundred day simple moving average of C$23.35. Skeena Resources has a 1 year low of C$12.15 and a 1 year high of C$35.73. The company has a market capitalization of C$4.07 billion, a price-to-earnings ratio of -34.30 and a beta of 1.98.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.