Skeena Resources (TSE:SKE) Reaches New 52-Week High at $9.09

Skeena Resources Limited (TSE:SKE)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$9.09 and last traded at C$9.01, with a volume of 333377 shares. The stock had previously closed at C$8.59.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank dropped their target price on Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 26th. Desjardins raised their price objective on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. BMO Capital Markets upped their target price on Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Raymond James raised their price target on Skeena Resources from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. Finally, Canaccord Genuity Group upped their price objective on shares of Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and a consensus target price of C$16.67.

Skeena Resources Stock Down 3.2 %

The firm has a market capitalization of C$845.44 million, a price-to-earnings ratio of -7.22 and a beta of 1.68. The company has a debt-to-equity ratio of 26.00, a current ratio of 3.86 and a quick ratio of 1.55. The business has a fifty day moving average price of C$6.75 and a two-hundred day moving average price of C$6.22.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). On average, equities analysts expect that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Insider Buying and Selling

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is currently owned by corporate 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.