Skeena Resources (TSE:SKE) Price Target Increased to C$20.00 by Analysts at Desjardins

Skeena Resources (TSE:SKE) had its target price hoisted by Desjardins from C$19.75 to C$20.00 in a report issued on Wednesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

SKE has been the subject of several other research reports. Canaccord Genuity Group raised their target price on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday, April 23rd. Scotiabank dropped their price objective on Skeena Resources from C$14.00 to C$12.00 and set an outperform rating for the company in a research note on Wednesday. Finally, Raymond James lifted their price objective on Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of C$16.33.

Skeena Resources Price Performance

TSE:SKE opened at C$5.87 on Wednesday. Skeena Resources has a one year low of C$4.20 and a one year high of C$7.31. The company has a debt-to-equity ratio of 26.00, a quick ratio of 1.55 and a current ratio of 3.86. The stock has a market cap of C$533.05 million, a PE ratio of -4.55 and a beta of 1.68. The stock has a 50 day moving average price of C$6.40 and a 200 day moving average price of C$6.06.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing the consensus estimate of C($0.06) by C($0.24). Equities research analysts expect that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

Insider Activity at Skeena Resources

In related news, Senior Officer Randy Reichert sold 53,100 shares of Skeena Resources stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total value of C$334,476.90. 1.79% of the stock is currently owned by company insiders.

About Skeena Resources

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.