Skeena Resources (TSE:SKE) Sets New 1-Year High – Still a Buy?

Skeena Resources Limited (TSE:SKE) reached a new 52-week high during trading on Monday . The company traded as high as C$38.91 and last traded at C$38.81, with a volume of 30360 shares changing hands. The stock had previously closed at C$37.50.

Analyst Ratings Changes

Several brokerages have recently commented on SKE. Royal Bank Of Canada upped their price objective on shares of Skeena Resources from C$34.00 to C$53.00 in a report on Wednesday, December 10th. TD Securities boosted their price objective on Skeena Resources from C$28.00 to C$35.00 and gave the company a “buy” rating in a report on Friday, October 10th. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Finally, CIBC lifted their target price on Skeena Resources from C$40.00 to C$44.00 in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$39.50.

Skeena Resources Price Performance

The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27. The firm has a market capitalization of C$4.89 billion, a price-to-earnings ratio of -41.18 and a beta of 2.11. The company has a fifty day moving average price of C$31.72 and a two-hundred day moving average price of C$26.18.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.