Skeena Resources (TSE:SKE) Given New C$44.00 Price Target at CIBC

Skeena Resources (TSE:SKE) had its price objective lifted by CIBC from C$40.00 to C$44.00 in a research report released on Tuesday,BayStreet.CA reports.

SKE has been the topic of a number of other reports. TD Securities raised their price objective 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. Royal Bank Of Canada upped their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Finally, Desjardins upgraded Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$34.40.

Skeena Resources Stock Performance

Shares of SKE stock opened at C$36.47 on Tuesday. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. Skeena Resources has a 52 week low of C$12.15 and a 52 week high of C$37.82. The company’s 50 day moving average price is C$30.24 and its two-hundred day moving average price is C$25.59. The company has a market capitalization of C$4.42 billion, a P/E ratio of -37.21 and a beta of 2.11.

About Skeena Resources

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.