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Investing.com - TD Securities initiated coverage on Skeena Resources Ltd (TSX:SKE) with a Buy rating and a price target of C$28.00.
The investment firm views Skeena as "well positioned" to become Canada’s next high-grade, low-cost producer, with several important catalysts on the horizon.
TD Securities highlighted the scarcity of advanced-stage development assets in Tier I jurisdictions as a positive factor for Skeena’s market position.
The firm anticipates a potential re-rating of the stock as the company’s Eskay Creek project approaches completion of permitting processes.
TD Securities expects Eskay Creek to reach full-scale construction by year-end, representing a significant milestone for the mining company.
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