Skeena Resources (TSE:SKE) PT Lowered to C$12.00 at Scotiabank

Skeena Resources (TSE:SKE) had its price target trimmed by Scotiabank from C$14.00 to C$12.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

SKE has been the subject of several other research reports. Canaccord Genuity Group upped their price target on shares of Skeena Resources from C$14.75 to C$17.00 in a research report on Tuesday, April 23rd. Raymond James upped their price target on shares of Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$16.67.

Skeena Resources Trading Up 10.9 %

Shares of TSE:SKE opened at C$7.34 on Wednesday. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$7.53. The firm has a market cap of C$666.55 million, a P/E ratio of -5.69 and a beta of 1.68. The company has a 50 day moving average of C$6.42 and a 200-day moving average of C$6.08. The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00.

Skeena Resources (TSE:SKE) last released its earnings results on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing the consensus estimate of C($0.06) by C($0.24). As a group, analysts anticipate that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Transactions at Skeena Resources

In other news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is currently owned by company 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.