Skeena Resources (TSE:SKE) Stock Rating Upgraded by Desjardins

Skeena Resources (TSE:SKE) was upgraded by research analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

SKE has been the subject of a number of other reports. Royal Bank of Canada lifted their price target on shares of Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Canaccord Genuity Group lifted their price target on shares of Skeena Resources from C$17.00 to C$17.25 in a report on Tuesday, July 23rd. Finally, Scotiabank lifted their price target on shares of Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$16.96.

Skeena Resources Price Performance

Shares of TSE SKE traded down C$0.16 during midday trading on Thursday, hitting C$13.37. The company had a trading volume of 195,200 shares, compared to its average volume of 323,097. 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 business has a 50-day simple moving average of C$11.90 and a two-hundred day simple moving average of C$9.00. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$14.28. The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of -8.74 and a beta of 1.65.

Skeena Resources (TSE:SKE) last posted its earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.30). Equities research analysts anticipate that Skeena Resources will post -0.4862973 earnings per share for the current year.

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Andrew Macritchie sold 5,000 shares of Skeena Resources stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total transaction of C$52,500.00. In other news, Senior Officer Andrew Macritchie sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total transaction of C$52,500.00. Also, Senior Officer Justin Reed Himmelright sold 7,500 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction of C$82,395.00. Insiders have sold a total of 37,407 shares of company stock valued at $430,724 over the last ninety days. 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.