22:00:39 EDT Thu 17 Oct 2024
Enter Symbol
or Name
USA
CA



Skeena Resources Ltd (4)
Symbol SKE
Shares Issued 106,234,348
Close 2024-07-23 C$ 8.71
Market Cap C$ 925,301,171
Recent Sedar Documents

Globe says Skeena Resources maintained at "buy"

2024-07-23 08:06 ET - In the News

The Globe and Mail reports in its Tuesday, July 23, edition that Desjardins Securities analyst John Sclodnick has reiterated his "buy" recommendation and $20 share target for Skeena Resources. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $16.32. Mr. Sclodnick says institutional investors are currently "far more concerned about the margins of gold producers versus the gold price" heading into earnings season. Mr. Sclodnick says in a note: "Our top gold producer pick is Oceanagold, our top developer pick remains Skeena Resources and our top silver producer pick is still Aya Gold & Silver. Skeena Resources is currently trading in line with gold developers. However, with the lowest AISC and average annual production above 300koz Aueq in a top-tier jurisdiction, and given it is now fully funded through to commercial production, we believe Skeena should trade at a meaningful premium." The Globe reported on Nov. 17 and June 28 that BMO Capital analyst Andrew Mikitchook had reaffirmed his "outperform" recommendation for Skeena. The shares could then be had for $3.39 and $7.34.

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