Skeena Resources (TSE:SKE) Upgraded by Desjardins to “Moderate Buy” Rating

Skeena Resources (TSE:SKE) was upgraded by research analysts at Desjardins to a “moderate buy” rating in a note issued to investors on Thursday, Zacks.com reports.

A number of other equities analysts have also recently weighed in on SKE. Scotiabank increased their price target on Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Canaccord Genuity Group increased their price target on Skeena Resources from C$17.00 to C$17.25 in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada increased their price target on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$16.96.

Skeena Resources Stock Down 1.2 %

Shares of TSE:SKE opened at C$13.37 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. The business has a fifty day moving average of C$11.90 and a two-hundred day moving average of C$9.00. The stock has a market cap of C$1.43 billion, a P/E ratio of -8.74 and a beta of 1.65. Skeena Resources has a 52-week low of C$4.20 and a 52-week high of C$14.28.

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). On average, research analysts expect that Skeena Resources will post -0.4862973 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Andrew Macritchie sold 22,850 shares of the 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 other Skeena Resources news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the stock in a transaction dated 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 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. In the last 90 days, insiders have sold 37,407 shares of company stock valued at $430,724. Corporate insiders own 1.51% of the company’s stock.

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.