Skeena Resources Limited (TSE:SKE) Receives Average Rating of "Buy" from Brokerages

Skeena Resources Limited (TSE:SKE - Get Free Report) has earned an average rating of "Buy" from the six brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$16.96.

SKE has been the subject of several research analyst reports. Scotiabank upped their target price on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Royal Bank of Canada increased their price target on Skeena Resources from C$15.00 to C$17.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group raised their target price on Skeena Resources from C$17.00 to C$17.25 in a report on Tuesday, July 23rd.

Skeena Resources Trading Down 1.2 %

Shares of SKE traded down C$0.16 during mid-day trading on Friday, reaching C$13.37. 195,248 shares of the company's stock traded hands, compared to its average volume of 323,097. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The stock's 50-day moving average is C$11.90 and its two-hundred day moving average is C$9.00. Skeena Resources has a 12 month low of C$4.20 and a 12 month high of C$14.28. The stock has a market cap of C$1.43 billion, a P/E ratio of -8.74 and a beta of 1.65.

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

Insider Activity

In related news, Senior Officer Andrew Macritchie sold 5,000 shares of the company'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 Andrew Macritchie sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total transaction of C$52,500.00. Also, Senior Officer Justin Reed Himmelright sold 7,500 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$10.99, for a total transaction of C$82,395.00. Over the last quarter, insiders sold 37,407 shares of company stock valued at $430,724. 1.51% of the stock is currently owned by company 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.