Skeena Resources (TSE:SKE) Given New C$26.00 Price Target at Royal Bank Of Canada

Skeena Resources (TSE:SKE - Get Free Report) had its price objective lifted by Royal Bank Of Canada from C$23.00 to C$26.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective points to a potential upside of 21.04% from the stock's previous close.

Separately, Raymond James Financial increased their price target on Skeena Resources from C$18.50 to C$21.00 in a report on Friday, April 4th.

Skeena Resources Stock Up 3.9%

Shares of Skeena Resources stock traded up C$0.80 on Monday, reaching C$21.48. The company's stock had a trading volume of 231,827 shares, compared to its average volume of 267,473. The firm's fifty day simple moving average is C$17.66 and its two-hundred day simple moving average is C$15.31. Skeena Resources has a 52 week low of C$5.61 and a 52 week high of C$22.12. The company has a market capitalization of C$2.35 billion, a price-to-earnings ratio of -12.97 and a beta of 1.65. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27.

Insiders Place Their Bets

In other Skeena Resources news, Director Craig Andrew Parry sold 16,500 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$18.29, for a total value of C$301,847.70. Also, Senior Officer Andrew Macritchie sold 36,191 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of C$17.55, for a total value of C$635,206.34. Insiders sold a total of 105,177 shares of company stock worth $1,779,152 over the last quarter. 1.51% of the stock is currently owned by corporate insiders.

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.