Skeena Resources (TSE:SKE) Price Target Raised to C$49.00 at TD Securities

Skeena Resources (TSE:SKE) had its price target raised by stock analysts at TD Securities from C$35.00 to C$49.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 16.03% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Royal Bank Of Canada increased their price target on Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, CIBC raised their target price on Skeena Resources from C$40.00 to C$44.00 in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$43.00.

Skeena Resources Price Performance

SKE stock traded up C$2.93 during trading on Thursday, hitting C$42.23. 235,236 shares of the stock traded hands, compared to its average volume of 350,058. The stock has a market cap of C$5.11 billion, a price-to-earnings ratio of -43.09 and a beta of 2.11. Skeena Resources has a one year low of C$12.15 and a one year high of C$42.61. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. The company has a 50 day simple moving average of C$32.00 and a 200 day simple moving average of C$26.27.

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.