Skeena Resources (TSE:SKE) Reaches New 12-Month High – Here’s What Happened

Skeena Resources Limited (TSE:SKE)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$37.60 and last traded at C$37.12, with a volume of 47976 shares traded. The stock had previously closed at C$35.60.

Analysts Set New Price Targets

SKE has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a report on Wednesday, December 10th. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. TD Securities lifted their price objective on Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, CIBC increased their target price on Skeena Resources from C$36.00 to C$40.00 in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$33.60.

Skeena Resources Price Performance

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 stock has a market capitalization of C$4.49 billion, a PE ratio of -37.86 and a beta of 2.11. The company has a 50-day moving average of C$29.67 and a two-hundred day moving average of C$25.37.

About Skeena Resources

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.