TD Securities Increases Skeena Resources (TSE:SKE) Price Target to C$49.00

Skeena Resources (TSE:SKE) had its price objective increased by research analysts at TD Securities from C$35.00 to C$49.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 16.03% from the company’s previous close.

Several other research analysts have also issued reports on the company. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Finally, CIBC upped their price target on Skeena Resources from C$40.00 to C$44.00 in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$43.00.

Skeena Resources Trading Up 7.5%

SKE stock traded up C$2.93 during midday trading on Thursday, reaching C$42.23. The company’s stock had a trading volume of 235,236 shares, compared to its average volume of 350,058. The business’s 50-day simple moving average is C$32.00 and its 200-day simple moving average is C$26.27. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27. Skeena Resources has a 52 week low of C$12.15 and a 52 week high of C$42.61. The stock has a market cap of C$5.11 billion, a PE ratio of -43.09 and a beta of 2.11.

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.