Skeena Resources (TSE:SKE) Upgraded by Desjardins to “Moderate Buy” Rating

Skeena Resources (TSE:SKE) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

A number of other research analysts also recently issued reports on SKE. Scotiabank boosted their price target on Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Royal Bank of Canada boosted their price target on Skeena Resources from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group upped their target price on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$16.96.

Skeena Resources Price Performance

Shares of TSE SKE opened at C$13.37 on Thursday. The business’s 50 day moving average price is C$11.90 and its 200 day moving average price is C$9.00. The firm has a market cap of C$1.43 billion, a P/E ratio of -8.74 and a beta of 1.65. Skeena Resources has a 52 week low of C$4.20 and a 52 week high of C$14.28. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.30). On average, sell-side analysts expect that Skeena Resources will post -0.4862973 earnings per share for the current year.

Insider Transactions at Skeena Resources

In related news, Senior Officer Andrew Macritchie sold 5,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total value of C$52,500.00. In related news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the stock in a transaction 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. Also, Senior Officer Andrew Macritchie sold 5,000 shares of the stock in a transaction 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. Insiders sold a total of 37,407 shares of company stock valued at $430,724 in the last three months. 1.51% of the stock is currently owned by company insiders.

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.