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

Skeena Resources (TSE:SKE) had its price target increased by Raymond James from C$13.00 to C$14.00 in a report published on Tuesday, BayStreet.CA reports.

Separately, Desjardins increased their price target on Skeena Resources from C$18.25 to C$19.75 and gave the stock a buy rating in a report on Tuesday, January 30th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of C$16.39.

Skeena Resources Stock Performance

TSE SKE opened at C$6.36 on Tuesday. The company has a market capitalization of C$573.80 million, a price-to-earnings ratio of -5.68 and a beta of 1.67. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$10.38. The stock has a fifty day simple moving average of C$5.88 and a 200 day simple moving average of C$5.79. The company has a quick ratio of 1.55, a current ratio of 1.35 and a debt-to-equity ratio of 2.27.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data on Monday, April 1st. The company reported C($0.37) earnings per share for the quarter. Sell-side analysts expect that Skeena Resources will post -0.4862973 EPS for the current year.

Insiders Place Their Bets

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. Company insiders own 1.79% of the company’s stock.

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.