Skeena Resources Limited (TSE:SKE) Given Average Recommendation of “Buy” by Analysts

Skeena Resources Limited (TSE:SKE) has received a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$15.86.

Several equities analysts have weighed in on SKE shares. Raymond James increased their price objective on Skeena Resources from C$12.50 to C$13.00 and gave the company a “strong-buy” rating in a report on Friday, January 12th. Desjardins increased their price objective on Skeena Resources from C$18.25 to C$19.75 and gave the company a “buy” rating in a report on Tuesday, January 30th.

Skeena Resources Price Performance

Shares of TSE SKE opened at C$6.36 on Monday. The stock has a fifty day simple moving average of C$5.80 and a two-hundred day simple moving average of C$5.78. Skeena Resources has a 1-year low of C$4.20 and a 1-year high of C$10.38. The firm has a market cap of C$573.80 million, a price-to-earnings ratio of -5.68 and a beta of 1.67. The company has a current ratio of 1.35, a quick ratio of 1.55 and a debt-to-equity ratio of 2.27.

Skeena Resources (TSE:SKE) last announced its quarterly earnings data on Monday, April 1st. The company reported C($0.37) earnings per share for the quarter. Analysts anticipate that Skeena Resources will post -0.4862973 earnings per share for the current year.

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.