Skeena Resources (TSE:SKE) Price Target Cut to C$16.00 by Analysts at CIBC

Skeena Resources (TSE:SKE) had its price target decreased by CIBC from C$17.00 to C$16.00 in a report published on Monday,BayStreet.CA reports.

SKE has been the topic of several other reports. Desjardins raised Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their price target on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank raised their price objective on Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Skeena Resources has an average rating of “Buy” and an average target price of C$16.82.

Skeena Resources Stock Down 2.6 %

Shares of TSE SKE opened at C$12.87 on Monday. The firm has a fifty day simple moving average of C$12.45 and a two-hundred day simple moving average of C$9.81. Skeena Resources has a 12 month low of C$4.48 and a 12 month high of C$14.28. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 10.23. The firm has a market capitalization of C$1.37 billion, a PE ratio of -8.45 and a beta of 1.65.

Insider Buying and Selling at Skeena Resources

In other news, Senior Officer Andrew Macritchie sold 22,850 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$11.89, for a total transaction of C$271,597.39. Also, Director Craig Andrew Parry sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$10.58, for a total transaction of C$740,509.00. Over the last 90 days, insiders sold 107,407 shares of company stock worth $1,171,233. 1.51% of the stock is owned by 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.