Skeena Resources (TSE:SKE) Reaches New 12-Month High – Here’s What Happened

Skeena Resources Limited (TSE:SKE)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$30.83 and last traded at C$30.51, with a volume of 20817 shares trading hands. The stock had previously closed at C$30.06.

Wall Street Analysts Forecast Growth

SKE has been the topic of several recent analyst reports. Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. CIBC raised their price target on Skeena Resources from C$26.00 to C$36.00 in a research note on Thursday, September 25th. Raymond James Financial lifted their price target on shares of Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. Finally, TD Securities upped their price objective on shares of Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$27.40.

Skeena Resources Trading Up 1.8%

The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. The company has a market cap of C$3.70 billion, a PE ratio of -31.21 and a beta of 1.98. The stock has a 50 day moving average price of C$25.31 and a 200 day moving average price of C$22.70.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.