The Globe and Mail reports in its Tuesday edition that Canaccord analyst Jeremy Hoy assumed coverage on Monday on Skeena Resources with a "speculative buy" recommendation following the departure of a colleague. The Globe's David Leeder writes that Mr. Hoy cut his share target back by $2 to $14. Analysts on average target the shares at $16.06. Mr. Hoy says in a note: "Skeena is a junior developer advancing its flagship Eskay Creek gold-silver project, located in the Golden Triangle of British Columbia. Previously, Eskay was operated as an underground mine by Barrick and was the highest-grade gold mine in the world at the time, producing 3.3Moz Au grading 45g/t from 1994-2008. The Eskay of today is a brownfield revitalization project focused on open pit extraction of both high-grade mineralization left untouched by Barrick as well as newly discovered zones on the property, uncovered by Skeena's ongoing exploration programs. We believe a substantial, high-grade opportunity remains on the property in light of Barrick's exceptionally high cut-off grades to the mill (more than 15g/t Au) and the new gold price environment." The Globe reported on Sept. 10 that CIBC rated Skeena "outperformer." It was then worth $6.75.