Skeena Resources (TSE:SKE) Given New C$58.00 Price Target at CIBC

Skeena Resources (TSE:SKE) had its target price upped by CIBC from C$44.00 to C$58.00 in a research report released on Wednesday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Scotiabank increased their price objective on shares of Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. TD Securities upped their price target on shares of Skeena Resources from C$35.00 to C$49.00 in a report on Thursday, January 22nd. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their target price on Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Skeena Resources presently has a consensus rating of “Buy” and an average price target of C$46.00.

Skeena Resources Stock Performance

SKE opened at C$42.77 on Wednesday. The firm has a market cap of C$5.18 billion, a P/E ratio of -43.64 and a beta of 2.29. Skeena Resources has a 52-week low of C$12.15 and a 52-week high of C$48.04. 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 business’s fifty day moving average is C$35.46 and its 200-day moving average is C$27.74.

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.