Skeena Resources (TSE:SKE) Hits New 1-Year High – What’s Next?

Shares of Skeena Resources Limited (TSE:SKE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$38.91 and last traded at C$38.81, with a volume of 30360 shares. The stock had previously closed at C$37.50.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SKE. CIBC raised their target price on Skeena Resources from C$40.00 to C$44.00 in a report on Tuesday, January 13th. Royal Bank Of Canada upped their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, TD Securities boosted their target price on Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$39.50.

Skeena Resources Stock Performance

The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. The company has a market capitalization of C$4.69 billion, a P/E ratio of -39.49 and a beta of 2.11. The firm has a 50 day moving average price of C$31.12 and a two-hundred day moving average price of C$25.92.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.