BMO Capital Markets Forecasts Strong Price Appreciation for Skeena Resources (TSE:SKE) Stock

Skeena Resources (TSE:SKE) had its target price increased by BMO Capital Markets from C$45.00 to C$50.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 15.71% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce increased their target price on shares of Skeena Resources from C$44.00 to C$58.00 in a report on Wednesday, February 4th. TD Securities boosted their target price on Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Scotiabank increased their price target on Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Canaccord Genuity Group raised their price target on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on Skeena Resources from C$34.00 to C$53.00 in a report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Skeena Resources has a consensus rating of “Buy” and an average target price of C$47.43.

Skeena Resources Trading Up 4.3%

Shares of Skeena Resources stock traded up C$1.78 during trading on Wednesday, reaching C$43.21. 132,832 shares of the company were exchanged, compared to its average volume of 479,962. Skeena Resources has a twelve month low of C$12.15 and a twelve month high of C$53.00. The business has a 50-day moving average price of C$43.62 and a 200-day moving average price of C$33.81. The company has a quick ratio of 1.55, a current ratio of 1.82 and a debt-to-equity ratio of 39.64. The firm has a market capitalization of C$5.26 billion, a price-to-earnings ratio of -27.18 and a beta of 2.35.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. Sell-side analysts anticipate that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

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.