Skeena Resources (TSE:SKE) Given New C$20.00 Price Target at BMO Capital Markets

Skeena Resources (TSE:SKE) had its price target boosted by BMO Capital Markets from C$18.00 to C$20.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 210.08% from the company’s current price.

Several other analysts also recently weighed in on SKE. Scotiabank reduced their price objective on shares of Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research report on Wednesday. Desjardins upped their price target on shares of Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday. 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. Finally, 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Skeena Resources currently has an average rating of “Buy” and an average price target of C$16.67.

Skeena Resources Trading Up 9.9 %

Shares of SKE traded up C$0.58 during trading on Thursday, reaching C$6.45. 615,621 shares of the company traded hands, compared to its average volume of 312,471. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$7.31. The stock has a market cap of C$585.72 million, a PE ratio of -4.99 and a beta of 1.68. The stock has a 50-day simple moving average of C$6.40 and a 200-day simple moving average of C$6.06. The company has a quick ratio of 1.55, a current ratio of 3.86 and a debt-to-equity ratio of 26.00.

Skeena Resources (TSE:SKE) last announced its quarterly earnings data on Friday, May 10th. The company reported C($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). On average, analysts anticipate that Skeena Resources will post -0.4862973 earnings per share for the current year.

Insider Buying and Selling at Skeena Resources

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

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.