Skeena Resources (TSE:SKE) Sets New 1-Year High at $12.44

Skeena Resources Limited (TSE:SKE) shares reached a new 52-week high on Wednesday . The stock traded as high as C$12.44 and last traded at C$12.20, with a volume of 237602 shares traded. The stock had previously closed at C$12.15.

Wall Street Analysts Forecast Growth

SKE has been the topic of several research analyst reports. Scotiabank lifted their price objective on Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. BMO Capital Markets increased their price objective on 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. Desjardins lifted 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. Canaccord Genuity Group boosted their price target on shares of Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Skeena Resources has a consensus rating of “Buy” and a consensus target price of C$16.96.

Skeena Resources Price Performance

The company has a fifty day moving average of C$9.82 and a 200-day moving average of C$7.63. The stock has a market cap of C$1.28 billion, a PE ratio of -7.97 and a beta of 1.65. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 10.23.

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

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Justin Reed Himmelright sold 8,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$8.52, for a total transaction of C$68,136.00. In related news, Senior Officer Andrew Macritchie sold 5,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total value of C$52,500.00. Also, Senior Officer Justin Reed Himmelright sold 8,000 shares of Skeena Resources stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$8.52, for a total value of C$68,136.00. Insiders sold 45,276 shares of company stock valued at $492,271 in the last 90 days. Company 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.