Skeena Resources (TSE:SKE) PT Raised to C$13.50 at Scotiabank

Skeena Resources (TSE:SKE) had its price target boosted by equities research analysts at Scotiabank from C$12.00 to C$13.50 in a note issued to investors on Monday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 22.73% from the company’s current price.

SKE has been the topic of several other reports. BMO Capital Markets increased their target price on shares of Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Desjardins increased their target price on shares of Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Raymond James increased their target price on shares of Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group increased their target price on shares of Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and an average price target of C$16.96.

Skeena Resources Price Performance

Shares of SKE opened at C$11.00 on Monday. The business’s 50-day moving average is C$8.26 and its two-hundred day moving average is C$6.84. The company has a market capitalization of C$1.17 billion, a P/E ratio of -7.19 and a beta of 1.64. The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.55 and a current ratio of 3.11. Skeena Resources has a fifty-two week low of C$4.20 and a fifty-two week high of C$11.52.

Insider Activity at Skeena Resources

In related news, Senior Officer Justin Reed Himmelright sold 8,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$8.52, for a total value of C$68,136.00. 1.52% of the stock is currently owned by corporate insiders.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.