BMO Capital Markets Issues Positive Forecast for Skeena Resources (TSE:SKE) Stock Price

Skeena Resources (TSE:SKE) had its price target increased by BMO Capital Markets from C$45.00 to C$50.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other research firms also recently issued reports on SKE. TD Securities upped their price target on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce lifted their price objective on shares of Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Canaccord Genuity Group boosted their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday. Royal Bank Of Canada upped 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, Scotiabank increased their price target on shares of Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$47.43.

Skeena Resources Stock Performance

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 business has a 50 day simple moving average of C$43.70 and a two-hundred day simple moving average of C$33.88. The stock has a market capitalization of C$5.24 billion, a PE ratio of -27.08 and a beta of 2.35.

Skeena Resources (TSE:SKE) last issued its quarterly earnings data on Tuesday, March 24th. The company reported C($0.61) earnings per share (EPS) for the quarter. On average, research analysts predict that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

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.