Skeena Resources (TSE:SKE) Upgraded by Desjardins to "Moderate Buy" Rating

Skeena Resources (TSE:SKE - Get Free Report) was upgraded by research analysts at Desjardins to a "moderate buy" rating in a report issued on Thursday, Zacks.com reports.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada boosted their target price on Skeena Resources from C$15.00 to C$17.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Canaccord Genuity Group boosted their target price on Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd. Finally, Scotiabank boosted their target price on Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Skeena Resources currently has a consensus rating of "Buy" and an average price target of C$16.96.

Skeena Resources Stock Down 1.2 %

Shares of SKE traded down C$0.16 during trading hours on Thursday, hitting C$13.37. The company had a trading volume of 195,200 shares, compared to its average volume of 323,097. The firm has a fifty day moving average price of C$11.90 and a 200-day moving average price of C$9.02. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of -8.74 and a beta of 1.65. Skeena Resources has a 52-week low of C$4.20 and a 52-week high of C$14.28.

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

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the business's 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. In related news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction of C$82,395.00. Also, Senior Officer Andrew Macritchie sold 22,850 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$11.89, for a total value of C$271,597.39. Insiders sold a total of 37,407 shares of company stock worth $430,724 in the last three months. 1.51% of the stock is currently owned by company 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.