Skeena Resources (TSE:SKE) Reaches New 12-Month High - Here's What Happened

Skeena Resources Limited (TSE:SKE - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$30.83 and last traded at C$30.51, with a volume of 20817 shares. The stock had previously closed at C$30.06.Get Skeena Resources alerts:Wall Street Analyst Weigh InA number of equities analysts have weighed in on the company. CIBC upped their target price on Skeena Resources from C$26.00 to C$36.00 in a research note on Thursday, September 25th. TD Securities upped their price objective on shares of Skeena Resources from C$28.00 to C$35.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Desjardins raised shares of Skeena Resources to a "moderate buy" rating in a research note on Wednesday, October 8th. Finally, Raymond James Financial boosted their price target on shares of Skeena Resources from C$21.00 to C$26.00 in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$27.40.Get Our Latest Report on Skeena ResourcesSkeena Resources Price PerformanceThe company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27. The business's 50-day simple moving average is C$25.31 and its 200 day simple moving average is C$22.70. The firm has a market capitalization of C$3.70 billion, a P/E ratio of -31.21 and a beta of 1.98. About Skeena Resources (Get Free Report)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.Featured StoriesFive stocks we like better than Skeena ResourcesWhat Are Dividend Achievers? An IntroductionWill Crypto Miners Pivot to AI? Latest on 3 Key PlayersIndustrial Products Stocks Investing Salesforce Stock Is Coiled Like a Spring and Ready to ReboundUpcoming IPO Stock Lockup Period, ExplainedMarvell's Rally Extends: Data Centers and AMZN Chips Boost SharesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Skeena Resources Right Now?Before you consider Skeena Resources, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skeena Resources wasn't on the list.While Skeena Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here