Skeena Resources (TSE:SKE) Given New C$26.00 Price Target at CIBC

Skeena Resources (TSE:SKE) had its target price upped by CIBC from C$19.00 to C$26.00 in a report released on Monday,BayStreet.CA reports.

SKE has been the subject of several other research reports. Royal Bank Of Canada increased their price objective on shares of Skeena Resources from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, June 23rd. Raymond James Financial increased their price objective on shares of Skeena Resources from C$18.50 to C$21.00 in a report on Friday, April 4th.

Skeena Resources Trading Up 1.7%

Shares of Skeena Resources stock opened at C$22.72 on Monday. The company has a market capitalization of C$2.49 billion, a P/E ratio of -13.72 and a beta of 1.65. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. The company has a fifty day moving average of C$19.59 and a 200 day moving average of C$16.51. Skeena Resources has a fifty-two week low of C$7.74 and a fifty-two week high of C$23.62.

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Andrew Macritchie sold 36,191 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of C$17.55, for a total value of C$635,206.34. Also, Director Craig Andrew Parry sold 16,500 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of C$18.29, for a total transaction of C$301,847.70. In the last ninety days, insiders sold 105,177 shares of company stock valued at $1,779,152. Company insiders own 1.51% of the company’s stock.

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 nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.