Skeena Resources (TSE:SKE) Price Target Raised to C$18.00

Skeena Resources (TSE:SKE) had its price target lifted by Royal Bank of Canada from C$17.00 to C$18.00 in a report published on Friday,BayStreet.CA reports.

SKE has been the topic of several other research reports. CIBC lowered their target price on shares of Skeena Resources from C$17.00 to C$16.00 in a report on Monday, December 2nd. Scotiabank lifted their price objective on shares of Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Finally, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$16.96.

Skeena Resources Stock Performance

Shares of Skeena Resources stock opened at C$13.10 on Friday. The business has a 50-day simple moving average of C$12.59 and a 200-day simple moving average of C$10.00. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88. Skeena Resources has a one year low of C$4.48 and a one year high of C$14.28. The company has a market cap of C$1.40 billion, a PE ratio of -8.56 and a beta of 1.65.

Insider Transactions at Skeena Resources

In other news, Director Craig Andrew Parry sold 70,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$10.58, for a total transaction of C$740,509.00. Also, Senior Officer Andrew Macritchie sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total value of C$52,500.00. Insiders have sold 107,407 shares of company stock valued at $1,171,233 in the last quarter. Insiders own 1.51% 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.