Skeena Resources (SKE – Research Report), the Materials sector company, was revisited by a Wall Street analyst yesterday. The Materials company, Skeena Resources (TSX: SKE) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Mikitchook is a 4-star analyst with an average return of 7.0% and a 50.0% success rate. Mikitchook covers the Basic Materials sector, focusing on stocks such as Ivanhoe Mines, Osisko Mining, and Victoria Gold.
Currently, the analyst consensus on Skeena Resources is a Strong Buy with an average price target of C$16.76, implying a 160.7% upside from current levels. In a report issued on June 19, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a C$14.00 price target.
Skeena Resources’ market cap is currently C$498.7M and has a P/E ratio of -5.35.
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 activities are the exploration and development of the past-producing Snip mine and the recently optioned Eskay Creek mine, both acquired from Barrick.
The company’s shares closed last Wednesday at C$6.38, close to its 52-week low of C$5.64.
