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An update from Skeena Resources ( (TSE:SKE) ) is now available.
Skeena Resources Limited has announced the filing of a prospectus supplement and entered into an underwriting agreement for a bought deal offering of 5,210,000 common shares, priced at C$24.00 each, aiming to raise approximately C$125 million. The offering, led by BMO Capital Markets, includes an over-allotment option that could increase proceeds to C$143.8 million, and is expected to close by October 8, 2025, pending regulatory approvals. This financing move positions Skeena to further its operations and strengthen its market presence in the precious metals industry.
The most recent analyst rating on (TSE:SKE) stock is a Buy with a C$33.00 price target. To see the full list of analyst forecasts on Skeena Resources stock, see the TSE:SKE Stock Forecast page.
Spark’s Take on TSE:SKE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SKE is a Neutral.
Skeena Resources’ overall stock score reflects the high-risk, high-reward nature of exploration companies. The financial performance is weak due to lack of revenue and substantial losses, yet there is strong technical momentum and positive corporate developments. Valuation remains challenging with negative earnings, but the company’s strategic initiatives in project advancement and financing are promising. Investors should weigh the potential for significant returns against the inherent risks of the sector.
To see Spark’s full report on TSE:SKE stock, click here.
More about Skeena Resources
Skeena Resources Limited is a leading precious metals developer focused on advancing the Eskay Creek Gold-Silver Project in the Golden Triangle of British Columbia, Canada. The project is set to become one of the highest-grade and lowest-cost open-pit precious metals mines globally, with significant silver by-product production. Skeena is dedicated to sustainable mining practices and fostering positive relationships with Indigenous communities, particularly the Tahltan Nation, to ensure long-term value and growth for stakeholders.
Average Trading Volume: 437,609
Technical Sentiment Signal: Buy
Current Market Cap: C$2.79B
Find detailed analytics on SKE stock on TipRanks’ Stock Analysis page.