Skeena Resources (TSE:SKE) Hits New 52-Week High After Analyst Upgrade

Skeena Resources Limited (TSE:SKE) reached a new 52-week high on Monday after Scotiabank raised their price target on the stock from C$25.00 to C$44.00. The stock traded as high as C$46.25 and last traded at C$45.61, with a volume of 493524 shares changing hands. The stock had previously closed at C$43.00.

Several other research firms have also commented on SKE. CIBC raised their price objective on shares of Skeena Resources from C$40.00 to C$44.00 in a research note on Tuesday, January 13th. TD Securities raised their price target on shares of Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday. Royal Bank Of Canada boosted their price target on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Finally, Desjardins raised Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$43.20.

Skeena Resources Stock Up 2.4%

The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27. The stock has a market cap of C$5.33 billion, a PE ratio of -44.93 and a beta of 2.11. The firm has a fifty day moving average of C$32.73 and a 200 day moving average of C$26.61.

About Skeena Resources

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.