Skeena Resources (TSE:SKE) Price Target Raised to C$20.00

Skeena Resources (TSE:SKE) had its price target lifted by Desjardins from C$19.75 to C$20.00 in a research note published on Wednesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Skeena Resources’ FY2024 earnings at ($0.52) EPS and FY2025 earnings at ($0.20) EPS.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity Group increased their target price on Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd. Scotiabank dropped their price objective on Skeena Resources from C$14.00 to C$12.00 and set an outperform rating on the stock in a research note on Wednesday. Finally, Raymond James raised their price objective on Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of C$16.67.

Skeena Resources Price Performance

Shares of SKE opened at C$7.34 on Wednesday. Skeena Resources has a 12-month low of C$4.20 and a 12-month high of C$7.53. The business’s fifty day moving average is C$6.42 and its 200 day moving average is C$6.08. The company has a quick ratio of 1.55, a current ratio of 3.86 and a debt-to-equity ratio of 26.00. The stock has a market cap of C$666.55 million, a P/E ratio of -5.69 and a beta of 1.68.

Skeena Resources (TSE:SKE) last issued its earnings results on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). Sell-side analysts anticipate that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Buying and Selling at Skeena Resources

In other news, Senior Officer Randy Reichert sold 53,100 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total transaction 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 nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.