Raymond James Forecasts Strong Price Appreciation for Skeena Resources (TSE:SKE) Stock

Skeena Resources (TSE:SKE) had its target price raised by Raymond James from C$18.50 to C$21.00 in a report released on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on SKE. Royal Bank of Canada lifted their price objective on shares of Skeena Resources from C$17.00 to C$18.00 in a report on Friday, December 6th. Scotiabank boosted their price target on shares of Skeena Resources from C$13.50 to C$14.00 in a report on Wednesday, January 15th.

Skeena Resources Stock Down 7.2 %

SKE stock opened at C$12.71 on Friday. The stock’s 50 day moving average is C$14.65 and its 200-day moving average is C$13.45. Skeena Resources has a twelve month low of C$5.61 and a twelve month high of C$16.79. The firm has a market capitalization of C$1.39 billion, a PE ratio of -7.68 and a beta of 1.65. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27.

Insider Activity

In other Skeena Resources news, Director Craig Andrew Parry sold 25,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of C$14.14, for a total transaction of C$353,500.00. Also, Senior Officer Andrew Macritchie sold 33,540 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of C$14.20, for a total value of C$476,268.00. Insiders sold a total of 192,488 shares of company stock valued at $2,882,390 in the last ninety days. 1.51% of the stock is currently owned by insiders.

Skeena Resources Company Profile

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.