Skeena Resources (TSE:SKE) PT Raised to C$18.25 at Desjardins

Skeena Resources (TSE:SKE) had its target price raised by research analysts at Desjardins from C$17.00 to C$18.25 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 236.10% from the company’s current price.

A number of other brokerages also recently issued reports on SKE. Canaccord Genuity Group boosted their price target on Skeena Resources from C$12.50 to C$14.25 and gave the company a “speculative buy” rating in a report on Tuesday, September 5th. Raymond James reduced their price objective on Skeena Resources from C$16.00 to C$12.50 and set a “strong-buy” rating for the company in a research note on Wednesday, October 11th. BMO Capital Markets increased their price objective on Skeena Resources from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, CIBC upped their target price on Skeena Resources from C$16.50 to C$17.00 and gave the company an “outperform” rating in a report on Friday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Skeena Resources has an average rating of “Buy” and a consensus target price of C$15.57.

Skeena Resources Stock Performance

SKE stock opened at C$5.43 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 4.86 and a quick ratio of 1.55. The business has a 50-day moving average price of C$5.76 and a 200 day moving average price of C$6.51. The company has a market capitalization of C$478.71 million, a P/E ratio of -5.12 and a beta of 1.47. Skeena Resources has a 1-year low of C$4.20 and a 1-year high of C$10.38.

About Skeena Resources

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.