12:54:25 EST Fri 27 Jan 2023
Enter Symbol
or Name

Skeena Resources Ltd (4)
Symbol SKE
Shares Issued 69,791,946
Close 2022-09-01 C$ 5.93
Recent Sedar Documents

Globe says Skeena Resources kept at "outperform"

2022-09-02 09:10 ET - In the News

The Globe and Mail reports in its Friday, Sept. 2, edition that RBC Capital Markets analyst Michael Siperco has reaffirmed his "outperform" recommendation for Skeena Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco cut his share target to $15 from $23. Analysts on average target the shares at $18.86 average. Mr. Siperco says in a note: "While we continue to see considerable longer term value at Eskay Creek from ongoing exploration and potential resource growth, we have revised our model ahead of the coming feasibility study primarily to reflect higher cost assumptions (including financing costs/dilution), a mill expansion, longer-dated production and a shorter mine life (with higher average production) and a lower NAV target multiple (1.0 times vs. 1.1 times). Our target falls to $15 from $23, still a significant potential return reflective of the high quality nature of the deposit should financing, permitting and construction milestones be achieved." The Globe reported on Nov. 25 that Desjardins Securities analyst John Sclodnick had started coverage on Skeena with a "buy" recommendation and $23.50 share target. Skeena shares could then be had for $12.79.

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