Skeena Resources (TSE:SKE) Reaches New 12-Month High – Here’s What Happened

by · The Cerbat Gem

Skeena Resources Limited (TSE:SKE – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$30.83 and last traded at C$30.51, with a volume of 20817 shares. The stock had previously closed at C$30.06.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. CIBC upped their target price on Skeena Resources from C$26.00 to C$36.00 in a research note on Thursday, September 25th. TD Securities upped their price objective on shares of Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, Raymond James Financial boosted their price target on shares of Skeena Resources from C$21.00 to C$26.00 in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$27.40.

Get Our Latest Report on Skeena Resources

Skeena Resources Price Performance

The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27. The business’s 50-day simple moving average is C$25.31 and its 200 day simple moving average is C$22.70. The firm has a market capitalization of C$3.70 billion, a P/E ratio of -31.21 and a beta of 1.98.

About Skeena Resources

(Get Free Report)

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.

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