Skeena Resources Limited (TSE:SKE) Given Consensus Recommendation of “Buy” by Analysts

Shares of Skeena Resources Limited (TSE:SKE) have received an average rating of “Buy” from the four analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$15.04.

A number of analysts have commented on SKE shares. Raymond James decreased their price target 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. Canaccord Genuity Group upped their target price on shares of Skeena Resources from C$12.50 to C$14.25 and gave the stock a “speculative buy” rating in a report on Tuesday, September 5th. Desjardins lifted their price target on Skeena Resources from C$17.00 to C$18.25 and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets boosted their price objective on Skeena Resources from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, CIBC lifted their target price on Skeena Resources from C$16.50 to C$17.00 and gave the company an “outperform” rating in a research report on Friday.

Skeena Resources Trading Down 1.5 %

TSE:SKE traded down C$0.08 during trading hours on Friday, hitting C$5.43. 154,097 shares of the company were exchanged, compared to its average volume of 161,289. The stock has a market capitalization of C$478.71 million, a price-to-earnings ratio of -5.17 and a beta of 1.47. Skeena Resources has a one year low of C$4.20 and a one year high of C$10.38. The company has a fifty day simple moving average of C$5.77 and a 200 day simple moving average of C$6.56. The company has a current ratio of 4.86, a quick ratio of 1.55 and a debt-to-equity ratio of 1.86.

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.