Skeena Resources (TSE:SKE - Get Free Report) had its price objective raised by stock analysts at Scotiabank from C$13.50 to C$14.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank's target price points to a potential upside of 3.86% from the company's previous close. Scotiabank also issued estimates for Skeena Resources' FY2024 earnings at ($1.67) EPS, FY2025 earnings at ($0.59) EPS and FY2026 earnings at ($0.64) EPS.
Several other research firms have also commented on SKE. Desjardins raised Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st. CIBC reduced their target price on shares of Skeena Resources from C$17.00 to C$16.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada raised their price target on shares of Skeena Resources from C$17.00 to C$18.00 in a report on Friday, December 6th.
Get Our Latest Stock Analysis on Skeena Resources
Skeena Resources Stock Down 3.2 %
Shares of TSE SKE traded down C$0.44 during midday trading on Wednesday, reaching C$13.48. 308,386 shares of the company's stock traded hands, compared to its average volume of 280,857. The company has a market cap of C$1.44 billion, a price-to-earnings ratio of -8.81 and a beta of 1.65. Skeena Resources has a one year low of C$4.48 and a one year high of C$14.70. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. The stock's 50 day simple moving average is C$12.86 and its 200-day simple moving average is C$11.28.
Insider Buying and Selling at Skeena Resources
In other Skeena Resources news, Director Craig Andrew Parry sold 70,000 shares of the company'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. 1.51% of the stock is currently owned by company insiders.
About Skeena Resources
(
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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.
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