Skeena Resources Limited (TSE:SKE – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.26 and last traded at C$14.07, with a volume of 199929 shares. The stock had previously closed at C$13.59.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Desjardins raised their target price on shares of Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Scotiabank boosted their price target on Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Canaccord Genuity Group upped their price objective on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Royal Bank of Canada lifted their target price 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, BMO Capital Markets raised their price target on Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.96.
View Our Latest Analysis on Skeena Resources
Skeena Resources Stock Up 3.5 %
Skeena Resources (TSE:SKE – Get Free Report) last issued its quarterly earnings results 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). Sell-side analysts predict that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.
Insider Transactions at Skeena Resources
In related news, Senior Officer Andrew Macritchie sold 5,000 shares of Skeena Resources stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total value of C$52,500.00. In other Skeena Resources news, Senior Officer Andrew Macritchie sold 5,000 shares of the business’s stock in a transaction dated 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 stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction of C$82,395.00. In the last 90 days, insiders sold 37,407 shares of company stock valued at $430,724. Company insiders own 1.51% of the company’s stock.
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.
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