Skeena Resources (TSE:SKE) Reaches New 1-Year High After Analyst Upgrade

Skeena Resources Limited (TSE:SKE - Get Free Report) shares reached a new 52-week high during trading on Thursday after Royal Bank Of Canada raised their price target on the stock from C$34.00 to C$53.00. The stock traded as high as C$33.75 and last traded at C$33.23, with a volume of 716611 shares traded. The stock had previously closed at C$33.09.Get Skeena Resources alerts:Other equities analysts also recently issued reports about the stock. TD Securities boosted their target price on shares of Skeena Resources from C$28.00 to C$35.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Raymond James Financial boosted their price objective on shares of Skeena Resources from C$21.00 to C$26.00 in a research note on Thursday, August 21st. CIBC increased their target price on shares of Skeena Resources from C$26.00 to C$36.00 in a research report on Thursday, September 25th. Finally, Desjardins raised shares of Skeena Resources to a "moderate buy" rating in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$32.80.View Our Latest Analysis on SKESkeena Resources Trading Up 0.4%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 stock has a 50-day simple moving average of C$25.81 and a 200 day simple moving average of C$23.16. The company has a market cap of C$4.02 billion, a price-to-earnings ratio of -33.91 and a beta of 1.98. Skeena Resources Company Profile (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.Read MoreFive stocks we like better than Skeena ResourcesHow to Calculate Inflation RateMarket Momentum: 3 Stocks Poised for Major Breakouts3 Grocery Stocks That Are Proving They Are Still Essential 3 Reasons Casey’s General Stores Will Continue Trending HigherETF Screener: Uses and Step-by-Step Guide Golden Cross Alert: 3 Stocks With Major Upside PotentialThis 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