Skeena Resources (TSE:SKE) Hits New 1-Year High – Here’s What Happened

Shares of Skeena Resources Limited (TSE:SKE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$37.60 and last traded at C$37.12, with a volume of 47976 shares. The stock had previously closed at C$35.60.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. CIBC boosted their target price on Skeena Resources from C$40.00 to C$44.00 in a report on Tuesday. Royal Bank Of Canada increased their target price on Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, TD Securities increased their price target on shares of Skeena Resources from C$28.00 to C$35.00 and gave the company a “buy” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$34.40.

Skeena Resources Price Performance

The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55. The company has a 50-day simple moving average of C$30.24 and a two-hundred day simple moving average of C$25.59. The stock has a market capitalization of C$4.52 billion, a price-to-earnings ratio of -38.10 and a beta of 2.11.

About Skeena Resources

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.