Skeena Resources (TSE:SKE) Hits New 52-Week High - Time to Buy?

Skeena Resources Limited (TSE:SKE - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as C$14.26 and last traded at C$14.07, with a volume of 199929 shares trading hands. The stock had previously closed at C$13.59.

Analyst Ratings Changes

SKE has been the topic of a number of research analyst reports. BMO Capital Markets increased their target price on Skeena Resources from C$18.00 to C$20.00 and gave the company an "outperform" rating in a research note on Thursday, June 27th. Scotiabank raised their price objective on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Canaccord Genuity Group raised their price objective on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Desjardins raised their price objective on Skeena Resources from C$19.75 to C$20.00 and gave the company a "buy" rating in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada raised their price objective on Skeena Resources from C$15.00 to C$17.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$16.96.

Skeena Resources Trading Up 3.5 %

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 fifty day moving average price is C$11.25 and its two-hundred day moving average price is C$8.53. The company has a market capitalization of C$1.50 billion, a PE ratio of -9.19 and a beta of 1.65.

Skeena Resources (TSE:SKE - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share for the quarter, missing analysts' consensus estimates of C($0.08) by C($0.30). Sell-side analysts anticipate that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Insiders Place Their Bets

In other Skeena Resources news, Senior Officer Andrew Macritchie sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total value of C$52,500.00. In other Skeena Resources news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$10.99, for a total transaction of C$82,395.00. Also, Senior Officer Andrew Macritchie sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total transaction of C$52,500.00. Insiders sold 37,407 shares of company stock worth $430,724 over the last three months. Company insiders own 1.51% of the company's stock.

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.