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

Skeena Resources Limited (TSE:SKE) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$24.26 and last traded at C$23.88, with a volume of 215724 shares. The stock had previously closed at C$23.02.

Analyst Ratings Changes

SKE has been the topic of several analyst reports. Raymond James Financial lifted their target price on shares of Skeena Resources from C$21.00 to C$26.00 in a research note on Thursday, August 21st. CIBC boosted their price objective on shares of Skeena Resources from C$19.00 to C$26.00 in a research report on Monday, July 21st. TD Securities raised shares of Skeena Resources to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada boosted their price objective on shares of Skeena Resources from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$23.00.

Skeena Resources Trading Up 3.9%

The firm’s 50 day moving average price is C$21.43 and its 200-day moving average price is C$18.01. The stock has a market cap of C$2.75 billion, a P/E ratio of -15.95 and a beta of 1.67. The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55.

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.