Skeena Resources (TSE:SKE) Price Target Raised to C$50.00 at BMO Capital Markets

Skeena Resources (TSE:SKE) had its price objective increased by BMO Capital Markets from C$45.00 to C$50.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 15.71% from the stock’s previous close.

Several other equities research analysts also recently commented on SKE. Canaccord Genuity Group increased their price objective on Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday. Royal Bank Of Canada increased their price target on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. TD Securities boosted their price objective on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Finally, Scotiabank upped their target price on shares of Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Skeena Resources has a consensus rating of “Buy” and a consensus price target of C$47.43.

Skeena Resources Stock Up 4.3%

Shares of TSE SKE traded up C$1.78 during mid-day trading on Wednesday, hitting C$43.21. The company had a trading volume of 132,832 shares, compared to its average volume of 479,962. The company has a current ratio of 1.82, a quick ratio of 1.55 and a debt-to-equity ratio of 39.64. The firm has a 50-day simple moving average of C$43.62 and a two-hundred day simple moving average of C$33.81. The company has a market capitalization of C$5.26 billion, a PE ratio of -27.18 and a beta of 2.35. Skeena Resources has a one year low of C$12.15 and a one year high of C$53.00.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. On average, equities analysts expect that Skeena Resources will post -0.4862973 EPS for the current year.

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.