Royal Bank of Canada Increases Skeena Resources (TSE:SKE) Price Target to C$18.00

Skeena Resources (TSE:SKE - Free Report) had its price objective raised by Royal Bank of Canada from C$17.00 to C$18.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

SKE has been the subject of a number of other reports. Desjardins raised shares of Skeena Resources to a "moderate buy" rating in a report on Thursday, October 31st. CIBC lowered their target price on Skeena Resources from C$17.00 to C$16.00 in a research note on Monday, December 2nd. Finally, Scotiabank boosted their price target on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Skeena Resources presently has a consensus rating of "Buy" and a consensus target price of C$16.96.

Skeena Resources Stock Up 0.6 %

TSE SKE traded up C$0.08 on Friday, reaching C$13.10. The company had a trading volume of 133,675 shares, compared to its average volume of 325,911. The firm has a market capitalization of C$1.40 billion, a PE ratio of -8.56 and a beta of 1.65. The firm has a 50-day moving average of C$12.59 and a 200-day moving average of C$9.98. Skeena Resources has a 1 year low of C$4.48 and a 1 year high of C$14.28. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55.

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Andrew Macritchie sold 5,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total value of C$52,500.00. Also, Senior Officer Justin Reed Himmelright sold 7,500 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction of C$82,395.00. Insiders have sold 107,407 shares of company stock worth $1,171,233 over the last quarter. 1.51% of the stock is owned by corporate insiders.

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.