Canaccord Genuity Group Boosts Skeena Resources (TSE:SKE) Price Target to C$17.00

Skeena Resources (TSE:SKE) had its target price upped by Canaccord Genuity Group from C$14.75 to C$17.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. Raymond James boosted their target price on Skeena Resources from C$13.00 to C$14.00 in a report on Tuesday. Desjardins boosted their target price on Skeena Resources from C$18.25 to C$19.75 and gave the stock a buy rating in a report on Tuesday, January 30th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and an average target price of C$16.39.

Skeena Resources Price Performance

Shares of SKE stock opened at C$6.72 on Tuesday. The stock has a market cap of C$606.28 million, a price-to-earnings ratio of -6.00 and a beta of 1.67. The business’s fifty day moving average is C$5.91 and its 200 day moving average is C$5.79. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$10.38. 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 (TSE:SKE) last issued its quarterly earnings results on Monday, April 1st. The company reported C($0.37) earnings per share for the quarter. Research analysts expect that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

Insider Activity

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total value of C$334,476.90. Corporate 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.