Skeena Resources (TSE:SKE) Price Target Raised to C$58.00 at CIBC

Skeena Resources (TSE:SKE) had its price target boosted by equities researchers at CIBC from C$44.00 to C$58.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 39.56% from the company’s previous close.

Several other research firms also recently commented on SKE. Royal Bank Of Canada upped their price target on shares of Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. TD Securities lifted their target price on Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Scotiabank boosted their price objective on shares of Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. Finally, Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$46.00.

Skeena Resources Stock Performance

TSE SKE traded down C$0.65 during trading hours on Wednesday, hitting C$41.56. The company had a trading volume of 615,554 shares, compared to its average volume of 510,119. The business has a 50 day moving average of C$35.16 and a 200-day moving average of C$27.64. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. Skeena Resources has a 1-year low of C$12.15 and a 1-year high of C$48.04. The company has a market cap of C$5.03 billion, a PE ratio of -42.41 and a beta of 2.29.

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.