Skeena Resources (TSE:SKE) Reaches New 1-Year High at $9.09

Skeena Resources Limited (TSE:SKE)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$9.09 and last traded at C$9.01, with a volume of 333377 shares. The stock had previously closed at C$8.59.

Analyst Ratings Changes

SKE has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price target on shares of Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd. BMO Capital Markets boosted their price target on shares of Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Desjardins increased their price target on shares of Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Raymond James lifted their price objective on shares of Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Finally, Scotiabank reduced their target price on shares of Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$16.67.

Skeena Resources Trading Down 3.2 %

The company has a market cap of C$845.44 million, a P/E ratio of -7.22 and a beta of 1.68. The company has a quick ratio of 1.55, a current ratio of 3.86 and a debt-to-equity ratio of 26.00. The firm’s 50-day moving average price is C$6.75 and its 200-day moving average price is C$6.22.

Skeena Resources (TSE:SKE) last issued its earnings results on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). As a group, equities research analysts expect that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Randy Reichert sold 53,100 shares of the company’s stock in a transaction dated 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 corporate 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.