Skeena Resources (TSE:SKE) Price Target Cut to C$16.00 by Analysts at CIBC

Skeena Resources (TSE:SKE) had its price objective decreased by CIBC from C$17.00 to C$16.00 in a research report released on Monday morning,BayStreet.CA reports.

Several other brokerages have also issued reports on SKE. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank increased their target price on shares of Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Finally, Royal Bank of Canada increased their target price on shares of Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$16.82.

Skeena Resources Price Performance

SKE opened at C$13.00 on Monday. The stock has a fifty day moving average of C$12.50 and a 200-day moving average of C$9.85. The firm has a market capitalization of C$1.39 billion, a P/E ratio of -8.50 and a beta of 1.65. Skeena Resources has a 12-month low of C$4.48 and a 12-month 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.

Insider Activity

In related news, Director Craig Andrew Parry sold 70,000 shares of Skeena Resources stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$10.58, for a total transaction of C$740,509.00. Also, Senior Officer Andrew Macritchie sold 5,000 shares of Skeena Resources stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total value of C$52,500.00. Over the last ninety days, insiders have sold 107,407 shares of company stock valued at $1,171,233. 1.51% of the stock is owned by 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.