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

Skeena Resources (TSE:SKEGet Free Report) 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.

Check Out Our Latest Stock Report on Skeena Resources

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

(Get Free Report)

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.

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Analyst Recommendations for Skeena Resources (TSE:SKE)

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