Skeena Resources (TSE:SKE) Price Target Raised to C$21.00

Skeena Resources (TSE:SKE) had its target price boosted by Raymond James from C$18.50 to C$21.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th. Scotiabank boosted their target price on shares of Skeena Resources from C$13.50 to C$14.00 in a report on Wednesday, January 15th.

Skeena Resources Price Performance

Skeena Resources stock opened at C$12.71 on Friday. The stock’s 50 day moving average is C$14.65 and its 200 day moving average is C$13.45. Skeena Resources has a one year low of C$5.61 and a one year high of C$16.79. The firm has a market cap of C$1.39 billion, a P/E ratio of -7.68 and a beta of 1.65. The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55.

Insider Activity

In other news, Senior Officer Andrew Macritchie sold 59,992 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$15.67, for a total value of C$940,074.64. Also, 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 value of C$249,430.39. Insiders sold 192,488 shares of company stock worth $2,882,390 in the last quarter. 1.51% of the stock is owned by corporate 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.