Canaccord Genuity Group Raises Skeena Resources (TSE:SKE) Price Target to C$17.25

Skeena Resources (TSE:SKE) had its price objective lifted by research analysts at Canaccord Genuity Group from C$17.00 to C$17.25 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 97.82% from the stock’s current price.

SKE has been the subject of a number of other reports. BMO Capital Markets increased their price target on shares of Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Raymond James boosted their target price on shares of Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Desjardins increased their price target on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Scotiabank reduced their price objective on Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Wednesday, June 26th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and a consensus target price of C$16.71.

Skeena Resources Stock Up 2.5 %

TSE:SKE traded up C$0.21 during trading hours on Tuesday, hitting C$8.72. 152,178 shares of the stock traded hands, compared to its average volume of 322,543. Skeena Resources has a fifty-two week low of C$4.20 and a fifty-two week high of C$9.69. The firm has a market cap of C$791.86 million, a price-to-earnings ratio of -6.76 and a beta of 1.68. The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00. The firm has a 50 day moving average price of C$7.08 and a 200 day moving average price of C$6.34.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing the consensus estimate of C($0.06) by C($0.24). Equities research analysts anticipate that Skeena Resources will post -0.4862973 earnings per share for the current year.

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.