Skeena Resources (TSE:SKE) Price Target Raised to C$21.00 at Raymond James

Skeena Resources (TSE:SKE) had its target price increased by Raymond James from C$18.50 to C$21.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other brokerages have also recently commented on SKE. Scotiabank increased their target price on shares of Skeena Resources from C$13.50 to C$14.00 in a research report on Wednesday, January 15th. Royal Bank of Canada increased their price objective on shares of Skeena Resources from C$17.00 to C$18.00 in a report on Friday, December 6th.

Skeena Resources Stock Down 7.2 %

TSE SKE opened at C$12.71 on Friday. The business has a fifty day moving average price of C$14.65 and a 200 day moving average price of C$13.44. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. The company has a market cap of C$1.39 billion, a P/E ratio of -7.68 and a beta of 1.65. Skeena Resources has a one year low of C$5.61 and a one year high of C$16.79.

Insider Activity at Skeena Resources

In other Skeena Resources news, Director Walter Coles Jr. sold 33,000 shares of Skeena Resources stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$16.40, for a total value of C$541,200.00. Also, Senior Officer Randy Reichert sold 17,956 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of C$13.89, for a total value of C$249,430.39. Over the last quarter, insiders sold 192,488 shares of company stock valued at $2,882,390. 1.51% of the stock is owned by company insiders.

Skeena Resources Company Profile

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.