Skeena Resources Limited (TSE:SKE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday after CIBC raised their price target on the stock from C$19.00 to C$26.00. The company traded as high as C$23.62 and last traded at C$22.80, with a volume of 177637 shares trading hands. The stock had previously closed at C$22.35.
A number of other brokerages have also weighed in on SKE. Raymond James Financial lifted 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 lifted their target price on shares of Skeena Resources from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd.
Get Our Latest Research Report on Skeena Resources
Insider Buying and Selling
In related news, Director Craig Andrew Parry sold 16,500 shares of Skeena Resources stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$18.29, for a total transaction of C$301,847.70. Also, Senior Officer Andrew Macritchie sold 36,191 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of C$17.55, for a total value of C$635,206.34. Insiders have sold 105,177 shares of company stock valued at $1,779,152 over the last 90 days. 1.51% of the stock is owned by insiders.
Skeena Resources Price Performance
The stock's 50 day simple moving average is C$20.11 and its two-hundred day simple moving average is C$16.71. The firm has a market capitalization of C$2.40 billion, a PE ratio of -13.25 and a beta of 1.65. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87.
About Skeena Resources
(
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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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