Royal Bank Of Canada Issues Positive Forecast for Skeena Resources (TSE:SKE) Stock Price

Skeena Resources (TSE:SKE) had its price target raised by Royal Bank Of Canada from C$23.00 to C$26.00 in a research report report published on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Separately, Raymond James Financial boosted their price objective on shares of Skeena Resources from C$18.50 to C$21.00 in a research report on Friday, April 4th.

Skeena Resources Stock Down 0.7%

Shares of TSE:SKE opened at C$20.78 on Monday. The firm has a 50 day simple moving average of C$17.92 and a 200 day simple moving average of C$15.44. Skeena Resources has a 52 week low of C$5.61 and a 52 week high of C$22.12. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. The company has a market cap of C$2.28 billion, a PE ratio of -12.55 and a beta of 1.65.

Insider Activity

In other news, Senior Officer Kyle Christopher Foster sold 1,475 shares of the stock in a transaction 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 sale, the insider now owns 673 shares in the company, valued at approximately C$11,696.74. This represents a 68.67% decrease in their ownership of the stock. Also, Director Walter Coles Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of C$16.36, for a total transaction of C$408,985.00. In the last three months, insiders have sold 105,177 shares of company stock worth $1,779,152. Corporate insiders own 1.51% of the company’s stock.

About Skeena Resources

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.