Skeena Resources (TSE:SKE) Stock Price Breaks Above 200-Day Moving Average – What’s Next?

Skeena Resources Limited (TSE:SKE)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$42.43 and traded as high as C$43.67. Skeena Resources shares last traded at C$43.58, with a volume of 295,026 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada set a C$64.00 target price on shares of Skeena Resources and gave the stock a “moderate buy” rating in a report on Tuesday, September 15th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Skeena Resources has an average rating of “Buy” and an average target price of C$52.83.

Skeena Resources Price Performance

The company has a current ratio of 3.15, a quick ratio of 1.55 and a debt-to-equity ratio of 657.17. The firm has a market capitalization of C$5.47 billion, a PE ratio of -21.05 and a beta of 2.28. The firm’s fifty day moving average price is C$43.18 and its 200 day moving average price is C$42.43.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.28) earnings per share for the quarter. As a group, equities analysts forecast that Skeena Resources Limited will post -0.49 earnings per share for the current year.

About Skeena Resources

Skeena is a leading precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia’s Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world’s highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines.