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Skeena Resources ( (TSE:SKE) ) has provided an announcement.
Skeena Resources Limited has successfully closed a C$143.8 million bought deal financing, involving the sale of 5,991,500 common shares at C$24.00 each. The proceeds will be used to advance the Eskay Creek project and for general corporate purposes, potentially enhancing the company’s position in the precious metals industry and delivering long-term value to stakeholders.
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 prominent precious metals developer focused on advancing the Eskay Creek Gold-Silver Project, a past-producing mine located in the Golden Triangle of British Columbia, Canada. The project is poised to become one of the highest-grade and lowest-cost open-pit precious metals mines globally, with significant silver by-product production. Skeena is committed to sustainable mining practices and fostering positive relationships with Indigenous communities, particularly in partnership with the Tahltan Nation.
Average Trading Volume: 455,532
Technical Sentiment Signal: Buy
Current Market Cap: C$2.91B
Learn more about SKE stock on TipRanks’ Stock Analysis page.