Skeena Resources (TSE:SKE) Given a C$64.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada assigned Skeena Resources a C$64.00 price target and maintained an “outperform” rating, implying approximately 49.85% upside from the current price.
• Skeena shares traded at C$42.71, with a market capitalization of about C$5.36 billion; the stock has ranged between C$21.61 and C$53.00 over the past year.
• Insiders sold 151,024 shares worth approximately C$6.18 million over the past 90 days, while the company advances its fully permitted Eskay Creek Gold-Silver Project toward expected initial production in the second quarter of 2027.

Skeena Resources (TSE:SKE - Get Free Report) has been assigned a C$64.00 price target by equities research analysts at Royal Bank Of Canada in a report released on Tuesday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 49.85% from the company's current price.

Skeena Resources Stock Performance

Shares of Skeena Resources stock traded up C$0.15 during trading on Tuesday, hitting C$42.71. 148,002 shares of the company's stock were exchanged, compared to its average volume of 393,955. The stock has a market capitalization of C$5.36 billion, a price-to-earnings ratio of -20.63 and a beta of 2.57. The business has a 50-day simple moving average of C$42.23 and a 200-day simple moving average of C$42.02. Skeena Resources has a 52-week low of C$21.61 and a 52-week high of C$53.00. The company has a debt-to-equity ratio of 657.17, a quick ratio of 1.55 and a current ratio of 3.15.

Skeena Resources (TSE:SKE - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.28) earnings per share for the quarter. On average, research analysts forecast that Skeena Resources will post -0.4862973 EPS for the current year.

Insider Activity at Skeena Resources

In related news, Director Sukhjit Hayre sold 42,294 shares of Skeena Resources stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of C$42.42, for a total value of C$1,794,111.48. Following the completion of the transaction, the director owned 248,068 shares in the company, valued at C$10,523,044.56. The trade was a 14.57% decrease in their position. Also, insider Andrew Macritchie sold 50,000 shares of the company's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of C$39.86, for a total value of C$1,993,000.00. Following the completion of the transaction, the insider directly owned 726,503 shares of the company's stock, valued at C$28,958,409.58. The trade was a 6.44% decrease in their position. Insiders sold a total of 151,024 shares of company stock worth $6,183,832 in the last 90 days. Corporate insiders own 1.51% of the company's stock.

Skeena Resources Company Profile

Skeena is a leading precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia's Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world's highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines.

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