Brokerages Set Skeena Resources Limited (TSE:SKE) PT at C$16.96

Skeena Resources Limited (TSE:SKE) has been given an average recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$16.96.

SKE has been the topic of several analyst reports. BMO Capital Markets lifted their price objective on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Royal Bank of Canada lifted their price objective on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank lifted their price objective on Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Desjardins boosted their price target on Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Canaccord Genuity Group boosted their price target on Skeena Resources from C$17.00 to C$17.25 in a report on Tuesday, July 23rd.

Insider Activity

In related news, Senior Officer Andrew Macritchie sold 5,000 shares of the business’s stock in a transaction that occurred 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. In related news, Senior Officer Justin Reed Himmelright sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of C$8.52, for a total transaction of C$68,136.00. Also, Senior Officer Andrew Macritchie sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total value of C$52,500.00. In the last ninety days, insiders sold 45,276 shares of company stock worth $492,271. 1.51% of the stock is currently owned by insiders.

Skeena Resources Price Performance

SKE stock opened at C$12.22 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. Skeena Resources has a 52-week low of C$4.20 and a 52-week high of C$12.77. The stock’s 50 day moving average is C$9.82 and its two-hundred day moving average is C$7.63. The company has a market capitalization of C$1.30 billion, a PE ratio of -8.09 and a beta of 1.65.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data 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). Analysts predict that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Skeena Resources Company Profile

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.