Canaccord Genuity Group Boosts Skeena Resources (TSE:SKE) Price Target to C$17.00

Skeena Resources (TSE:SKE) had its target price boosted by Canaccord Genuity Group from C$14.75 to C$17.00 in a report published on Tuesday morning, BayStreet.CA reports.

SKE has been the subject of a number of other reports. Raymond James boosted their price target on shares of Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday. Desjardins upped their target price on shares of Skeena Resources from C$18.25 to C$19.75 and gave the company a buy rating in a research note on Tuesday, January 30th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of C$16.39.

Skeena Resources Trading Up 5.7 %

Shares of TSE SKE opened at C$6.72 on Tuesday. Skeena Resources has a 1-year low of C$4.20 and a 1-year high of C$10.38. The company has a market cap of C$606.28 million, a PE ratio of -6.00 and a beta of 1.67. The company has a current ratio of 1.35, a quick ratio of 1.55 and a debt-to-equity ratio of 2.27. The company has a 50-day moving average of C$5.91 and a two-hundred day moving average of C$5.79.

Skeena Resources (TSE:SKE) last announced its earnings results on Monday, April 1st. The company reported C($0.37) earnings per share for the quarter. As a group, equities analysts expect that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Randy Reichert sold 53,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total value of C$334,476.90. Corporate insiders own 1.79% of the company’s stock.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.