Analysts Set Skeena Resources Limited (TSE:SKE) Target Price at C$16.96

Skeena Resources Limited (TSE:SKE) has received a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four 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 analysts that have covered the stock in the last year is C$16.96.

SKE has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Skeena Resources from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Desjardins raised Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank upped their target price on Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Finally, Canaccord Genuity Group upped their target price on Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd.

Skeena Resources Price Performance

Shares of SKE opened at C$13.09 on Friday. Skeena Resources has a 52-week low of C$4.47 and a 52-week high of C$14.28. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88. The business’s 50 day moving average price is C$12.03 and its two-hundred day moving average price is C$9.13. The firm has a market cap of C$1.40 billion, a PE ratio of -8.31 and a beta of 1.65.

Skeena Resources (TSE:SKE) last issued its quarterly 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). On average, equities analysts anticipate that Skeena Resources will post -0.4862973 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Andrew Macritchie sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total transaction of C$52,500.00. In other Skeena Resources news, Senior Officer Andrew Macritchie sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total value of C$52,500.00. Also, Senior Officer Justin Reed Himmelright sold 7,500 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$10.99, for a total value of C$82,395.00. Over the last 90 days, insiders sold 37,407 shares of company stock worth $430,724. 1.51% of the stock is owned by corporate 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.