Raymond James maintains Strong Buy on Skeena Resources(SKE:TSX)

STA Research
by: STA Research

Raymond James Capital maintained the Strong Buy rating on Skeena Resources, with a $22 target on the company’s stock price.

Based on the Skeena Resources Limited stock forecasts from 2 analysts, the average analyst target price for Skeena Resources Limited is CAD 21.78 over the next 12 months. Skeena Resources Limited’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Skeena Resources Limited is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Skeena Resources Limited’s stock price was CAD 14.26. Skeena Resources Limited’s stock price has changed by -1.52% over the past week, +0.16% over the past month and +344.24% over the last year.

What we like:
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

What we don’t like:
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.

Negative cashflow
The company had negative total cash flow in the most recent four quarters.

Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector

 

Leave a Reply

Your email address will not be published.