GLOBE SAYS Skeena Resources Ltd (4) (C:SKE)
Shares Issued 90,793,669
Last Close 6/26/2024 $5.87
Thursday June 27 2024 - In the News
The Globe and Mail reports in its Thursday, June 27, edition that following Tuesday's announcement of a $750-million (U.S.) financing package for Skeena Resources' 100-per-cent-owned Eskay Creek mine in British Columbia's Golden Triangle region, Desjardins Securities analyst John Sclodnick tweaked his share target with a 25-cent boost to $20.
Analysts on average target the shares at $15.43. Mr. Sclodnick says in a note: "With Skeena now fully funded to commercial production (a major derisking event), we expect the stock to gradually rerate to trade at a premium to peers, given the above-average production and below-average costs and superior jurisdiction vs the peer group average.
We are maintaining our 'buy' rating, and Skeena remains our top gold developer pick." The Globe reported on Nov. 25, 2021, and Dec. 8, 2023, that Mr. Sclodnick rated Skeena "buy." It was then worth $12.79 and $5.39. In the second item, Mr. Sclodnick said Skeena was one of his top picks.