Skeena Resources Limited (TSE:SKE) Receives C$16.96 Average PT from Brokerages

Skeena Resources Limited (TSE:SKE) has received an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$16.96.

A number of research analysts recently weighed in on SKE shares. Royal Bank of Canada lifted their price objective on shares of Skeena Resources from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group lifted their price objective on shares of Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Scotiabank lifted their price objective on shares of Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Desjardins lifted their price objective on shares of Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, BMO Capital Markets lifted their price objective on shares of Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th.

Skeena Resources Trading Up 1.4 %

TSE:SKE opened at C$11.95 on Thursday. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 10.23. The stock has a market capitalization of C$1.27 billion, a PE ratio of -7.81 and a beta of 1.65. The firm’s 50 day moving average is C$9.61 and its 200 day moving average is C$7.46. Skeena Resources has a 12 month low of C$4.20 and a 12 month high of C$12.08.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Thursday, August 8th. The company reported C($0.38) EPS for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.30). Sell-side analysts expect that Skeena Resources will post -0.4862973 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$10.99, for a total transaction of C$82,395.00. In related news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$10.99, for a total value of C$82,395.00. Also, Senior Officer Andrew Macritchie sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total transaction of C$52,500.00. Insiders sold 22,426 shares of company stock worth $220,673 in the last three months. Corporate insiders own 1.51% of the company’s stock.

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.