BMO Capital Markets on Friday reiterated its outperform rating on the shares of Skeena Resources (SKE.TO) and its C$22.00 price target following a site visit to the company's Eskay Creek project in British Columbia.

"The Eskay Creek site visit earlier this week clearly highlighted the global scarcity value of a world-class asset in development. In our opinion, the company is on a trajectory to access the stronger valuations of recent peers who completed mine development. In addition to impressive construction activity at the site, equally as important, progress is being made on permitting, derisking the construction plan, and creating shareholder value through optimizing the mine plan. We expect the market will be monitoring progress at Eskay Creek very carefully," analyst Andrew Mikitchook wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 20.93, Change: +0.29, Percent Change: +1.41