Skeena Resources (TSE:SKE) Given New C$52.00 Price Target at Canaccord Genuity Group

Skeena Resources (TSE:SKE) had its target price upped by Canaccord Genuity Group from C$40.00 to C$52.00 in a report published on Wednesday morning,BayStreet.CA reports.

A number of other analysts have also commented on the stock. TD Securities lifted their price target on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Scotiabank raised their target price on shares of Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Royal Bank Of Canada lifted their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Skeena Resources has a consensus rating of “Buy” and an average target price of C$47.43.

Skeena Resources Trading Up 3.9%

Shares of TSE:SKE opened at C$43.06 on Wednesday. The company has a debt-to-equity ratio of 39.64, a current ratio of 1.82 and a quick ratio of 1.55. Skeena Resources has a 1 year low of C$12.15 and a 1 year high of C$53.00. The company has a market cap of C$5.24 billion, a P/E ratio of -27.08 and a beta of 2.35. The stock’s fifty day moving average price is C$43.70 and its 200-day moving average price is C$33.88.

Skeena Resources (TSE:SKE) last released its quarterly earnings data on Tuesday, March 24th. The company reported C($0.61) EPS for the quarter. Sell-side analysts expect that Skeena Resources will post -0.4862973 earnings per share for the current year.

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.