Skeena Resources (TSE:SKE) Price Target Raised to C$21.00 at Raymond James

Skeena Resources (TSE:SKE) had its target price boosted by stock analysts at Raymond James from C$18.50 to C$21.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 65.22% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Scotiabank boosted their price objective on shares of Skeena Resources from C$13.50 to C$14.00 in a report on Wednesday, January 15th. Royal Bank of Canada boosted their price target on Skeena Resources from C$17.00 to C$18.00 in a research note on Friday, December 6th.

Skeena Resources Stock Down 7.2 %

TSE:SKE opened at C$12.71 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. Skeena Resources has a twelve month low of C$5.61 and a twelve month high of C$16.79. The company has a market cap of C$1.39 billion, a PE ratio of -7.68 and a beta of 1.65. The company’s 50 day moving average is C$14.65 and its two-hundred day moving average is C$13.45.

Insider Activity at Skeena Resources

In other Skeena Resources news, Director Walter Coles Jr. sold 33,000 shares of Skeena Resources stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$16.40, for a total transaction of C$541,200.00. Also, Senior Officer Andrew Macritchie sold 59,992 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$15.67, for a total value of C$940,074.64. Insiders sold 192,488 shares of company stock worth $2,882,390 over the last three months. Company insiders own 1.51% 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 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.