Skeena Resources (TSE:SKE) Price Target Raised to C$40.00

Skeena Resources (TSE:SKE) had its target price boosted by CIBC from C$36.00 to C$40.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on the company. TD Securities raised their target price on Skeena Resources from C$28.00 to C$35.00 and gave the company a “buy” rating in a report on Friday, October 10th. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Finally, Raymond James Financial raised their price target on shares of Skeena Resources from C$21.00 to C$26.00 in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Skeena Resources presently has a consensus rating of “Buy” and a consensus price target of C$33.60.

Skeena Resources Trading Down 2.5%

Shares of TSE:SKE opened at C$32.04 on Tuesday. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. The stock’s 50-day moving average is C$26.80 and its 200-day moving average is C$23.79. The company has a market cap of C$3.88 billion, a P/E ratio of -32.69 and a beta of 1.98. Skeena Resources has a 52-week low of C$12.15 and a 52-week high of C$35.73.

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.