Skeena Resources (TSE:SKE) Rating Increased to Moderate Buy at Desjardins

Desjardins upgraded shares of Skeena Resources (TSE:SKEFree Report) to a moderate buy rating in a research note published on Thursday, Zacks.com reports.

Several other equities research analysts have also issued reports on SKE. Scotiabank increased their target price on shares of Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Canaccord Genuity Group lifted their target price on shares of Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada increased their price target on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$16.96.

Read Our Latest Report on Skeena Resources

Skeena Resources Stock Performance

Shares of Skeena Resources stock traded down C$0.16 during trading hours on Thursday, reaching C$13.37. 195,200 shares of the stock traded hands, compared to its average volume of 323,097. Skeena Resources has a one year low of C$4.20 and a one year high of C$14.28. The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of -8.74 and a beta of 1.65. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. The company has a 50 day moving average price of C$11.90 and a 200 day moving average price of C$9.00.

Skeena Resources (TSE:SKEGet Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.30). On average, equities research analysts expect that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Buying and Selling at Skeena Resources

In other news, 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. In related news, Senior Officer Andrew Macritchie sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total transaction of C$52,500.00. Also, Senior Officer Justin Reed Himmelright sold 7,500 shares of Skeena Resources stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction of C$82,395.00. In the last ninety days, insiders have sold 37,407 shares of company stock worth $430,724. Insiders own 1.51% of the company’s stock.

Skeena Resources Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Skeena Resources (TSE:SKE)

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