Scotiabank Issues Positive Forecast for Skeena Resources (TSE:SKE) Stock Price

Skeena Resources (TSE:SKE) had its price objective upped by Scotiabank from C$25.00 to C$44.00 in a report published on Monday,BayStreet.CA reports.

Several other research firms have also issued reports on SKE. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on Skeena Resources from C$34.00 to C$53.00 in a report on Wednesday, December 10th. TD Securities upped their price target on Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Finally, CIBC lifted their price objective on shares of Skeena Resources from C$40.00 to C$44.00 in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$43.20.

Skeena Resources Price Performance

Shares of SKE stock opened at C$44.03 on Monday. Skeena Resources has a 52-week low of C$12.15 and a 52-week high of C$46.25. The stock has a market cap of C$5.33 billion, a PE ratio of -44.93 and a beta of 2.11. 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 firm’s 50 day moving average price is C$33.11 and its two-hundred day moving average price is C$26.77.

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.