Skeena Resources (TSE:SKE) PT Raised to C$17.00 at Canaccord Genuity Group

Skeena Resources (TSE:SKE) had its price target increased by analysts at Canaccord Genuity Group from C$14.75 to C$17.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 168.56% from the company’s previous close.

A number of other research analysts also recently issued reports on SKE. Desjardins boosted their target price on shares of Skeena Resources from C$18.25 to C$19.75 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Raymond James boosted their price objective on Skeena Resources from C$13.00 to C$14.00 in a report on Tuesday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and an average target price of C$16.39.

Skeena Resources Trading Down 2.5 %

Shares of TSE:SKE opened at C$6.33 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.35 and a debt-to-equity ratio of 2.27. Skeena Resources has a 52-week low of C$4.20 and a 52-week high of C$10.38. The stock has a market cap of C$571.09 million, a price-to-earnings ratio of -5.65 and a beta of 1.67. The business has a 50-day moving average price of C$5.85 and a 200-day moving average price of C$5.78.

Skeena Resources (TSE:SKE) last issued its quarterly earnings results on Monday, April 1st. The company reported C($0.37) earnings per share for the quarter. Equities analysts predict that Skeena Resources will post -0.4862973 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Randy Reichert sold 53,100 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. Insiders own 1.79% 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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.