Canaccord Genuity Group Boosts Skeena Resources (TSE:SKE) Price Target to C$17.00

Skeena Resources (TSE:SKE) had its target price lifted by equities researchers at Canaccord Genuity Group from C$14.75 to C$17.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 160.74% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Desjardins lifted their price objective on Skeena Resources from C$18.25 to C$19.75 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Raymond James lifted their price objective on Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$16.39.

Skeena Resources Price Performance

TSE SKE traded up C$0.39 during trading hours on Tuesday, reaching C$6.52. The company’s stock had a trading volume of 236,410 shares, compared to its average volume of 313,821. The firm’s 50-day moving average price is C$5.80 and its 200-day moving average price is C$5.78. The company has a quick ratio of 1.55, a current ratio of 1.35 and a debt-to-equity ratio of 2.27. Skeena Resources has a 1 year low of C$4.20 and a 1 year high of C$10.38. The company has a market capitalization of C$588.23 million, a price-to-earnings ratio of -5.78 and a beta of 1.67.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Monday, April 1st. The company reported C($0.37) EPS for the quarter. On average, equities research analysts predict that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

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 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.