Skeena Resources (TSE:SKE) Price Target Increased to C$17.00 by Analysts at CIBC

Skeena Resources (TSE:SKE) had its price target raised by CIBC from C$16.50 to C$17.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on SKE. Canaccord Genuity Group upped their price objective on shares of Skeena Resources from C$12.50 to C$14.25 and gave the stock a speculative buy rating in a research report on Tuesday, September 5th. Raymond James cut their target price on shares of Skeena Resources from C$16.00 to C$12.50 and set a strong-buy rating for the company in a research note on Wednesday, October 11th. Finally, BMO Capital Markets upped their price objective on shares of Skeena Resources from C$16.50 to C$18.00 and gave the company an outperform rating in a research note on Thursday, November 16th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Skeena Resources presently has a consensus rating of Buy and a consensus target price of C$15.57.

Skeena Resources Stock Up 0.2 %

Shares of SKE stock opened at C$5.44 on Friday. The company’s fifty day simple moving average is C$5.74 and its two-hundred day simple moving average is C$6.45. The company has a quick ratio of 1.55, a current ratio of 1.35 and a debt-to-equity ratio of 2.27. The stock has a market cap of C$483.94 million, a P/E ratio of -4.86 and a beta of 1.47. Skeena Resources has a 52 week low of C$4.20 and a 52 week high of C$10.38.

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.