Skeena Resources (TSE:SKE) PT Lowered to C$12.00 at Scotiabank

Skeena Resources (TSE:SKE) had its price objective cut by Scotiabank from C$14.00 to C$12.00 in a report released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Raymond James upped their price target on Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group boosted their price objective on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday, April 23rd. Five 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, the company currently has an average rating of Buy and an average target price of C$16.67.

Skeena Resources Trading Up 10.9 %

TSE SKE opened at C$7.34 on Wednesday. The business’s 50-day moving average price is C$6.42 and its two-hundred day moving average price is C$6.08. Skeena Resources has a 12 month low of C$4.20 and a 12 month high of C$7.53. The firm has a market capitalization of C$666.55 million, a PE ratio of -5.69 and a beta of 1.68. The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00.

Skeena Resources (TSE:SKE) last released its quarterly earnings results on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). On average, analysts expect that Skeena Resources will post -0.4862973 EPS for the current year.

Insider Activity

In related news, Senior Officer Randy Reichert sold 53,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is owned by company insiders.

About Skeena Resources

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.