Skeena Resources (TSE:SKE) Price Target Raised to C$14.00 at Scotiabank

Skeena Resources (TSE:SKE) had its target price upped by Scotiabank from C$13.50 to C$14.00 in a research report released on Wednesday morning,BayStreet.CA reports. Scotiabank also issued estimates for Skeena Resources’ FY2024 earnings at ($1.67) EPS, FY2025 earnings at ($0.59) EPS and FY2026 earnings at ($0.64) EPS.

Several other analysts also recently commented on SKE. CIBC lowered their price objective on Skeena Resources from C$17.00 to C$16.00 in a research note on Monday, December 2nd. Royal Bank of Canada increased their price target on Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th. Finally, Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Skeena Resources Trading Down 3.2 %

SKE opened at C$13.48 on Wednesday. Skeena Resources has a fifty-two week low of C$4.48 and a fifty-two week high of C$14.70. The firm has a market capitalization of C$1.44 billion, a PE ratio of -8.81 and a beta of 1.65. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The company’s 50-day moving average is C$12.86 and its 200 day moving average is C$11.28.

Insider Activity

In other Skeena Resources news, Director Craig Andrew Parry sold 70,000 shares of Skeena Resources stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$10.58, for a total value of C$740,509.00. 1.51% of the stock is currently owned by corporate insiders.

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 nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.