Skeena Resources (TSE:SKE) Sets New 52-Week High – Here’s What Happened

Skeena Resources Limited (TSE:SKE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$51.34 and last traded at C$51.11, with a volume of 425442 shares changing hands. The stock had previously closed at C$49.78.

Wall Street Analysts Forecast Growth

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

Skeena Resources Price Performance

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 stock has a fifty day simple moving average of C$39.74 and a two-hundred day simple moving average of C$30.32. The company has a market cap of C$6.19 billion, a PE ratio of -52.15 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.