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Skeena Resources (SKE) Stock Forecast & Price Target

C$8.61
+0.10 (+1.18%)
(As of 11:23 AM ET)

Skeena Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 6 Wall Street analysts who have issued ratings for Skeena Resources in the last 12 months, the stock has a consensus rating of "Buy." Out of the 6 analysts, 5 have given a buy rating, and 1 has given a strong buy rating for SKE.

Consensus Price Target

C$16.67
93.57% Upside
High ForecastC$20.00
Average ForecastC$16.67
Low ForecastC$12.00

According to the 6 analysts' twelve-month price targets for Skeena Resources, the average price target is C$16.67. The highest price target for SKE is C$20.00, while the lowest price target for SKE is C$12.00. The average price target represents a forecasted upside of 93.57% from the current price of C$8.61.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
5 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$16.67C$16.79C$16.39C$15.50
Forecasted Upside93.57% Upside213.86% Upside232.51% Upside491.60% Upside
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SKE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SKE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Skeena Resources Stock vs. The Competition

TypeSkeena ResourcesBasic Materials Companies
Consensus Rating Score
3.17
2.64
Consensus RatingBuyModerate Buy
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/27/2024BMO Capital Markets
3 of 5 stars
 Boost TargetOutperformC$18.00 ➝ C$20.00+210.56%
6/26/2024Desjardins
1 of 5 stars
 Boost TargetBuyC$19.75 ➝ C$20.00+246.02%
6/26/2024Scotiabank
5 of 5 stars
 Lower TargetOutperformC$14.00 ➝ C$12.00+107.61%
4/23/2024Canaccord Genuity Group
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 Boost TargetC$14.75 ➝ C$17.00+162.75%
4/23/2024Raymond James
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 Boost TargetC$13.00 ➝ C$14.00+116.38%
11/17/2023CIBC
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 Boost TargetOutperformC$16.50 ➝ C$17.00+207.41%
9/1/2022Royal Bank of Canada
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 Lower TargetOutperformC$23.00 ➝ C$15.00+472.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:45 AM ET.

SKE Forecast - Frequently Asked Questions

What is Skeena Resources' forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Skeena Resources is C$16.67, with a high forecast of C$20.00 and a low forecast of C$12.00.

Should I buy or sell Skeena Resources stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skeena Resources in the last year. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKE shares.

Does Skeena Resources's stock price have much upside?

According to analysts, Skeena Resources's stock has a predicted upside of 192.10% based on their 12-month stock forecasts.

What analysts cover Skeena Resources?

Skeena Resources has been rated by research analysts at BMO Capital Markets, Desjardins, and Scotiabank in the past 90 days.

Do Wall Street analysts like Skeena Resources more than its competitors?

Analysts like Skeena Resources more than other "basic materials" companies. The consensus rating for Skeena Resources is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SKE compares to other companies.


This page (TSE:SKE) was last updated on 7/23/2024 by MarketBeat.com Staff

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