Skeena Resources (TSE:SKE) Given New C$44.00 Price Target at CIBC

Skeena Resources (TSE:SKE) had its target price raised by investment analysts at CIBC from C$40.00 to C$44.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 19.60% from the company’s current price.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada boosted their price objective on Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Finally, TD Securities increased their price objective on Skeena Resources from C$28.00 to C$35.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Skeena Resources presently has a consensus rating of “Buy” and an average target price of C$34.40.

Skeena Resources Stock Performance

TSE:SKE traded up C$0.06 during trading hours on Tuesday, reaching C$36.79. The stock had a trading volume of 175,021 shares, compared to its average volume of 259,947. Skeena Resources has a 12-month low of C$12.15 and a 12-month high of C$37.82. 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 has a 50 day simple moving average of C$29.95 and a 200 day simple moving average of C$25.48. The stock has a market cap of C$4.46 billion, a P/E ratio of -37.54 and a beta of 2.11.

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.