Skeena Resources (TSE:SKE) Upgraded at Desjardins

Key Points

• Skeena Resources has been upgraded to a "moderate buy" rating by Desjardins, indicating positive trends in investor sentiment.
• Various analysts have raised their target prices for Skeena Resources, with a notable increase from C$26.00 to C$36.00 by CIBC.
• The stock currently has a market capitalization of C$3.02 billion and has fluctuated between a 12-month low of C$10.34 and a high of C$26.73.

Skeena Resources (TSE:SKE - Get Free Report) was upgraded by stock analysts at Desjardins to a "moderate buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. CIBC raised their target price on shares of Skeena Resources from C$26.00 to C$36.00 in a research note on Thursday, September 25th. Raymond James Financial lifted their target price on Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. Royal Bank Of Canada increased their price target 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. Finally, TD Securities raised Skeena Resources to a "strong-buy" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$25.50.

Skeena Resources Stock Performance

TSE:SKE opened at C$26.24 on Wednesday. The stock has a 50-day moving average price of C$23.19 and a 200 day moving average price of C$19.88. The stock has a market capitalization of C$3.02 billion, a P/E ratio of -17.49 and a beta of 1.80. Skeena Resources has a 12-month low of C$10.34 and a 12-month high of C$26.73. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27.

Insider Buying and Selling

In related news, Director Craig Andrew Parry sold 15,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of C$20.48, for a total value of C$307,203.00. Following the sale, the director directly owned 225,926 shares of the company's stock, valued at C$4,627,009.67. This represents a 6.23% decrease in their position. Insiders own 1.51% of the company's stock.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.

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