Skeena Resources (TSE:SKE) Price Target Raised to C$26.00

Skeena Resources (TSE:SKE - Get Free Report) had its price target increased by equities researchers at CIBC from C$19.00 to C$26.00 in a research note issued on Monday,BayStreet.CA reports. CIBC's target price would suggest a potential upside of 14.54% from the company's current price.

SKE has been the topic of a number of other reports. Raymond James Financial lifted their price objective on shares of Skeena Resources from C$18.50 to C$21.00 in a report on Friday, April 4th. Royal Bank Of Canada boosted their price target on shares of Skeena Resources from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd.

Skeena Resources Stock Up 1.6%

Shares of TSE:SKE traded up C$0.35 during midday trading on Monday, reaching C$22.70. 193,341 shares of the company were exchanged, compared to its average volume of 267,495. The stock has a fifty day simple moving average of C$19.59 and a two-hundred day simple moving average of C$16.51. The firm has a market cap of C$2.49 billion, a PE ratio of -13.71 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. Skeena Resources has a fifty-two week low of C$7.74 and a fifty-two week high of C$23.62.

Insider Transactions at Skeena Resources

In related news, Senior Officer Kyle Christopher Foster sold 1,475 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$17.38, for a total transaction of C$25,635.50. Following the transaction, the insider directly owned 673 shares of the company's stock, valued at approximately C$11,696.74. The trade was a 68.67% decrease in their position. Also, Senior Officer Paul Geddes sold 5,200 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of C$15.62, for a total transaction of C$81,248.44. Over the last ninety days, insiders have sold 105,177 shares of company stock valued at $1,779,152. Company insiders own 1.51% of the company's stock.

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.

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