Analysts Set Skeena Resources Limited (TSE:SKE) PT at C$15.04

Shares of Skeena Resources Limited (TSE:SKE) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$15.57.

SKE has been the topic of a number of recent research reports. Raymond James cut their price target on shares of Skeena Resources from C$16.00 to C$12.50 and set a “strong-buy” rating on the stock in a report on Wednesday, October 11th. CIBC boosted their target price on shares of Skeena Resources from C$16.50 to C$17.00 and gave the company an “outperform” rating in a report on Friday. Desjardins boosted their target price on shares of Skeena Resources from C$17.00 to C$18.25 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets boosted their target price on shares of Skeena Resources from C$16.50 to C$18.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity Group boosted their target price on shares of 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.

Skeena Resources Price Performance

Shares of TSE:SKE opened at C$5.43 on Friday. The firm has a market cap of C$478.71 million, a PE ratio of -5.12 and a beta of 1.47. The firm’s fifty day moving average is C$5.76 and its 200-day moving average is C$6.48. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.55 and a current ratio of 4.86. Skeena Resources has a 52 week low of C$4.20 and a 52 week 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.