Skeena Resources (TSE:SKE) Reaches New 1-Year High After Analyst Upgrade

Skeena Resources Limited (TSE:SKE) shares reached a new 52-week high during trading on Thursday after Royal Bank Of Canada raised their price target on the stock from C$34.00 to C$53.00. The stock traded as high as C$33.75 and last traded at C$33.23, with a volume of 716611 shares traded. The stock had previously closed at C$33.09.

Other equities analysts also recently issued reports about the stock. TD Securities boosted their target price on shares of Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Raymond James Financial boosted their price objective on shares of Skeena Resources from C$21.00 to C$26.00 in a research note on Thursday, August 21st. CIBC increased their target price on shares of Skeena Resources from C$26.00 to C$36.00 in a research report on Thursday, September 25th. Finally, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$32.80.

Skeena Resources Trading Up 0.4%

The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. The stock has a 50-day simple moving average of C$25.81 and a 200 day simple moving average of C$23.16. The company has a market cap of C$4.02 billion, a price-to-earnings ratio of -33.91 and a beta of 1.98.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.