Skeena Resources Limited (TSE:SKE) Receives Average Recommendation of “Buy” from Brokerages

Shares of Skeena Resources Limited (TSE:SKE) have been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$16.67.

SKE has been the topic of a number of recent analyst reports. Desjardins boosted their price target on shares of Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James upped their price target on shares of Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their target price on shares of Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank lowered their price target on shares of Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group increased their price objective on Skeena Resources from C$14.75 to C$17.00 in a research report on Tuesday, April 23rd.

Skeena Resources Trading Up 10.9 %

Shares of Skeena Resources stock opened at C$7.34 on Friday. The company’s fifty day moving average price is C$6.42 and its two-hundred day moving average price is C$6.08. The firm has a market capitalization of C$666.55 million, a PE ratio of -5.69 and a beta of 1.68. Skeena Resources has a 52-week low of C$4.20 and a 52-week high of C$7.53. The company has a debt-to-equity ratio of 26.00, a current ratio of 3.86 and a quick ratio of 1.55.

Skeena Resources (TSE:SKE) last issued its earnings results on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). On average, analysts expect that Skeena Resources will post -0.4862973 EPS for the current year.

Insider Buying and Selling

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of Skeena Resources stock in a transaction dated 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 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.