Scotiabank Raises Skeena Resources (TSE:SKE) Price Target to C$13.50

Skeena Resources (TSE:SKE) had its price target upped by Scotiabank from C$12.00 to C$13.50 in a research note published on Monday morning, BayStreet.CA reports.

SKE has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Skeena Resources from C$18.00 to C$20.00 and gave the stock an outperform rating in a report on Thursday, June 27th. Raymond James upped their price target on Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Desjardins raised their price objective on Skeena Resources from C$19.75 to C$20.00 and gave the stock a buy rating in a research report on Wednesday, June 26th. Finally, Canaccord Genuity Group upped their target price on Skeena Resources from C$17.00 to C$17.25 in a report on Tuesday, July 23rd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of C$16.96.

Skeena Resources Trading Down 2.0 %

Shares of SKE stock opened at C$10.78 on Monday. The company has a quick ratio of 1.55, a current ratio of 3.11 and a debt-to-equity ratio of 32.89. The stock has a 50-day simple moving average of C$8.35 and a 200 day simple moving average of C$6.86. Skeena Resources has a fifty-two week low of C$4.20 and a fifty-two week high of C$11.52. The stock has a market capitalization of C$1.15 billion, a P/E ratio of -7.05 and a beta of 1.64.

Insider Buying and Selling at Skeena Resources

In other news, Senior Officer Justin Reed Himmelright sold 8,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$8.52, for a total transaction of C$68,136.00. Corporate insiders own 1.52% of the company’s stock.

About Skeena Resources

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.