Skeena Resources (TSE:SKE) Sets New 1-Year High After Analyst Upgrade

Skeena Resources Limited (TSE:SKE - Get Free Report)'s share price reached a new 52-week high on Monday after CIBC raised their price target on the stock from C$19.00 to C$26.00. The stock traded as high as C$23.62 and last traded at C$22.80, with a volume of 177637 shares changing hands. The stock had previously closed at C$22.35.

Several other research analysts have also recently issued reports on the company. Raymond James Financial increased their price objective on Skeena Resources from C$18.50 to C$21.00 in a research report on Friday, April 4th. Royal Bank Of Canada upped their price objective on Skeena Resources from C$23.00 to C$26.00 and gave the company an "outperform" rating in a research note on Monday, June 23rd.

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Randy Reichert sold 19,094 shares of Skeena Resources stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of C$15.62, for a total value of C$298,338.02. Also, Senior Officer Andrew Macritchie sold 36,191 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of C$17.55, for a total transaction of C$635,206.34. Insiders have sold a total of 105,177 shares of company stock worth $1,779,152 over the last three months. 1.51% of the stock is owned by corporate insiders.

Skeena Resources Stock Up 1.7%

The business's 50-day moving average price is C$19.59 and its 200-day moving average price is C$16.51. The firm has a market capitalization of C$2.49 billion, a PE ratio of -13.72 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 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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