Skeena Resources (TSE:SKE) Sets New 52-Week High – Here’s What Happened

Shares of Skeena Resources Limited (TSE:SKE) hit a new 52-week high on Thursday . The company traded as high as C$51.34 and last traded at C$51.11, with a volume of 425442 shares trading hands. The stock had previously closed at C$49.78.

Analyst Upgrades and Downgrades

SKE has been the topic of a number of research reports. TD Securities increased their target price on shares of Skeena Resources from C$35.00 to C$49.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce increased their price objective on Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada boosted their target price on Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Finally, Scotiabank upped their price target on Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$46.00.

Skeena Resources Price Performance

The stock has a fifty day simple moving average of C$39.74 and a 200-day simple moving average of C$30.32. The company has a market capitalization of C$6.19 billion, a PE ratio of -52.15 and a beta of 2.29. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27.

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.