Skeena Resources (TSE:SKE) Sets New 12-Month High – Should You Buy?

Skeena Resources Limited (TSE:SKE)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$48.05 and last traded at C$47.49, with a volume of 27078 shares trading hands. The stock had previously closed at C$47.05.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Scotiabank lifted their price target on shares of Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. TD Securities boosted their price target on shares of Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce raised their price objective on shares of Skeena Resources from C$44.00 to C$58.00 in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their price objective on Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$46.00.

Skeena Resources Stock Performance

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 50-day moving average is C$38.77 and its 200-day moving average is C$29.73. The company has a market capitalization of C$5.82 billion, a PE ratio of -49.01 and a beta of 2.29.

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.