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Raymond James Issues Positive Forecast for Skeena Resources (TSE:SKE) Stock Price

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Skeena Resources (TSE:SKE - Free Report) had its price target boosted by Raymond James from C$18.50 to C$21.00 in a research note released on Friday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on SKE. Royal Bank of Canada increased their price target on Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th. Scotiabank increased their target price on Skeena Resources from C$13.50 to C$14.00 in a research report on Wednesday, January 15th.

Check Out Our Latest Research Report on SKE

Skeena Resources Stock Performance

SKE traded up C$0.78 on Friday, hitting C$13.06. 567,479 shares of the company's stock were exchanged, compared to its average volume of 277,174. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. The stock has a fifty day moving average of C$14.56 and a two-hundred day moving average of C$13.45. Skeena Resources has a twelve month low of C$5.61 and a twelve month high of C$16.79. The firm has a market cap of C$1.43 billion, a PE ratio of -7.89 and a beta of 1.65.

Insider Activity at Skeena Resources

In other Skeena Resources news, Senior Officer Randy Reichert sold 17,956 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of C$13.89, for a total transaction of C$249,430.39. Also, Senior Officer Andrew Macritchie sold 59,992 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$15.67, for a total transaction of C$940,074.64. Insiders have sold a total of 192,488 shares of company stock worth $2,882,390 in the last three months. 1.51% of the stock is owned by company insiders.

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About Skeena Resources

(Get Free Report)

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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