Skeena Resources (TSE:SKE) Upgraded at TD Securities

TD Securities upgraded shares of Skeena Resources (TSE:SKE) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research firms have also commented on SKE. Royal Bank Of Canada increased their target price on shares of Skeena Resources from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, June 23rd. CIBC increased their target price on shares of Skeena Resources from C$19.00 to C$26.00 in a research note on Monday, July 21st.

Skeena Resources Stock Down 0.5%

SKE stock opened at C$21.66 on Tuesday. Skeena Resources has a 12 month low of C$9.80 and a 12 month high of C$23.62. The firm has a market cap of C$2.37 billion, a PE ratio of -13.08 and a beta of 1.65. The firm has a 50 day simple moving average of C$21.07 and a 200 day simple moving average of C$17.45. The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55.

Insider Activity at Skeena Resources

In related news, Director Craig Andrew Parry sold 16,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of C$18.29, for a total value of C$301,847.70. Also, Senior Officer Kyle Christopher Foster sold 1,475 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$17.38, for a total transaction of C$25,635.50. Following the completion of the sale, the insider owned 673 shares of the company’s stock, valued at approximately C$11,696.74. This trade represents a 68.67% decrease in their position. In the last 90 days, insiders sold 18,648 shares of company stock valued at $339,005. 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.