Skeena Resources Limited (TSE:SKE) Given Consensus Recommendation of “Buy” by Brokerages

Skeena Resources Limited (TSE:SKE) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$16.96.

A number of analysts have issued reports on SKE shares. Canaccord Genuity Group raised their price target on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. BMO Capital Markets raised their price target on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Desjardins raised their price target on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Royal Bank of Canada raised their price target on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank raised their price target on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th.

Skeena Resources Trading Up 0.6 %

Skeena Resources stock opened at C$12.22 on Thursday. The stock has a market cap of C$1.30 billion, a PE ratio of -8.09 and a beta of 1.65. The stock has a 50-day moving average price of C$9.82 and a 200 day moving average price of C$7.63. Skeena Resources has a 52 week low of C$4.20 and a 52 week high of C$12.77. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 10.23.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($0.38) EPS for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.30). Equities research analysts predict that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Justin Reed Himmelright sold 7,500 shares of Skeena Resources stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total value of C$82,395.00. In related news, Senior Officer Andrew Macritchie sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total transaction of C$52,500.00. Also, Senior Officer Justin Reed Himmelright sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total value of C$82,395.00. Insiders have sold 45,276 shares of company stock valued at $492,271 in the last three months. Corporate insiders own 1.51% 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.