Skeena Resources (TSE:SKE) Hits New 1-Year High – Should You Buy?

Skeena Resources Limited (TSE:SKE) shares reached a new 52-week high on Friday . The stock traded as high as C$48.05 and last traded at C$47.49, with a volume of 27078 shares trading hands. The stock had previously closed at C$47.05.

Analysts Set New Price Targets

Several research firms have commented on SKE. Canadian Imperial Bank of Commerce increased their price objective on shares of Skeena Resources from C$44.00 to C$58.00 in a report on Wednesday, February 4th. Royal Bank Of Canada increased their price target on Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. TD Securities upped their price objective on Skeena Resources from C$35.00 to C$49.00 in a report on Thursday, January 22nd. Finally, Scotiabank raised their target price on shares of Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$46.00.

Skeena Resources Stock Performance

The firm has a fifty day moving average price of C$38.48 and a 200 day moving average price of C$29.47. 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 firm has a market cap of C$5.67 billion, a PE ratio of -47.80 and a beta of 2.29.

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.