SKREF - Skeena Resources: Valuation Continues To Improve
- Skeena Resources is one of the top-performing gold stocks year-to-date, but has pulled nearly 30% from its 52-week highs.
- This has allowed the stock to relieve its recent overbought condition after trading above my updated target price in September.
- The good news for investors is that the recent correction has also significantly improved the valuation, especially after adding in Snip ounces from the July maiden resource.
- I continue to see Skeena as a top-10 target in the junior gold sector, and I would view any pullbacks below US$1.65 as low-risk buying opportunities.
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Skeena Resources: Valuation Continues To Improve