Skeena Resources (TSE:SKE) Price Target Raised to C$44.00

Skeena Resources (TSE:SKE) had its price objective boosted by Scotiabank from C$25.00 to C$44.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s target price indicates a potential downside of 1.12% from the stock’s previous close.

Several other brokerages also recently weighed in on SKE. Royal Bank Of Canada upped their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. TD Securities increased their price objective on Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday. Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, CIBC increased their price target 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 MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$43.20.

Skeena Resources Trading Up 3.5%

TSE SKE traded up C$1.50 during trading on Monday, hitting C$44.50. The stock had a trading volume of 697,784 shares, compared to its average volume of 411,051. The company has a market capitalization of C$5.39 billion, a PE ratio of -45.41 and a beta of 2.11. Skeena Resources has a twelve month low of C$12.15 and a twelve month high of C$46.25. 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 50 day moving average price of C$32.73 and a 200 day moving average price of C$26.61.

About Skeena Resources

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.