Skeena Resources Limited (TSE:SKE) Receives Consensus Rating of “Buy” from Brokerages

Skeena Resources Limited (TSE:SKE) has been given a consensus recommendation of “Buy” by the five research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$16.96.

Several analysts have commented on SKE shares. Canaccord Genuity Group increased their target price on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Scotiabank increased their price objective on Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Royal Bank of Canada boosted their target price on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Skeena Resources Price Performance

SKE opened at C$12.86 on Friday. The firm has a market cap of C$1.37 billion, a PE ratio of -8.41 and a beta of 1.65. The stock has a 50-day moving average price of C$11.95 and a 200-day moving average price of C$9.05. Skeena Resources has a 1 year low of C$4.20 and a 1 year high of C$14.28. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55.

Skeena Resources (TSE:SKE) last issued its earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.08) by C($0.30). Sell-side analysts predict that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Andrew Macritchie sold 22,850 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$11.89, for a total transaction of C$271,597.39. In related news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total value of C$82,395.00. Also, Senior Officer Andrew Macritchie sold 22,850 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$11.89, for a total value of C$271,597.39. Over the last 90 days, insiders have sold 37,407 shares of company stock valued at $430,724. 1.51% of the stock is owned by company insiders.

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.