Skeena Resources (TSE:SKE) Price Target Raised to C$17.00

Skeena Resources (TSE:SKE) had its target price hoisted by Canaccord Genuity Group from C$14.75 to C$17.00 in a report issued on Tuesday morning, BayStreet.CA reports.

SKE has been the subject of several other research reports. Desjardins lifted their price objective on Skeena Resources from C$18.25 to C$19.75 and gave the company a buy rating in a research note on Tuesday, January 30th. Raymond James lifted their price objective on Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of C$16.39.

Skeena Resources Price Performance

TSE:SKE opened at C$6.49 on Tuesday. The firm has a market capitalization of C$585.53 million, a price-to-earnings ratio of -5.79 and a beta of 1.67. Skeena Resources has a 52-week low of C$4.20 and a 52-week high of C$10.38. The stock has a fifty day moving average of C$5.83 and a 200 day moving average of C$5.78. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.55 and a current ratio of 1.35.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data on Monday, April 1st. The company reported C($0.37) earnings per share (EPS) for the quarter. On average, research analysts expect that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

Skeena Resources Company Profile

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.