Skeena Resources (TSE:SKE) Hits New 1-Year High – What’s Next?

Skeena Resources Limited (TSE:SKEGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$14.71 and last traded at C$14.47, with a volume of 8444 shares trading hands. The stock had previously closed at C$14.42.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SKE. Scotiabank upped their target price on Skeena Resources from C$13.50 to C$14.00 in a research note on Wednesday, January 15th. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their price target on Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th. Finally, CIBC lowered their price target on Skeena Resources from C$17.00 to C$16.00 in a research report on Monday, December 2nd.

View Our Latest Stock Analysis on SKE

Skeena Resources Price Performance

The firm has a fifty day moving average price of C$13.33 and a 200-day moving average price of C$11.82. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of -9.42 and a beta of 1.65.

Insider Transactions at Skeena Resources

In other news, Senior Officer Randy Reichert sold 17,956 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of C$13.89, for a total transaction of C$249,430.39. Also, Director Craig Andrew Parry sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$10.58, for a total value of C$740,509.00. Over the last ninety days, insiders have sold 169,496 shares of company stock valued at $2,141,625. 1.51% of the stock is currently owned by insiders.

Skeena Resources Company Profile

(Get Free Report)

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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