Skeena Resources (TSE:SKE) Director Jr. Walter Coles Purchases 1,666 Shares of Stock

Skeena Resources Limited (TSE:SKE) Director Jr. Walter Coles purchased 1,666 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of C$40.88 per share, for a total transaction of C$68,106.08. Following the completion of the purchase, the director directly owned 2,287,739 shares in the company, valued at C$93,522,770.32. This represents a 0.07% increase in their position.

Jr. Walter Coles also recently made the following trade(s):

• On Tuesday, May 12th, Jr. Walter Coles purchased 1,531 shares of Skeena Resources stock. The stock was bought at an average cost of C$44.73 per share, for a total transaction of C$68,481.63.

Skeena Resources Stock Performance

Shares of Skeena Resources stock opened at C$42.59 on Tuesday. The firm has a market capitalization of C$5.18 billion, a PE ratio of -26.79 and a beta of 2.62. Skeena Resources Limited has a twelve month low of C$15.38 and a twelve month high of C$53.00. The firm’s 50-day moving average price is C$42.59 and its 200 day moving average price is C$37.99. The company has a current ratio of 0.49, a quick ratio of 1.55 and a debt-to-equity ratio of 36.02.

Skeena Resources (TSE:SKE) last issued its quarterly earnings results on Friday, May 15th. The company reported C($0.86) earnings per share for the quarter. On average, sell-side analysts predict that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SKE shares. Canadian Imperial Bank of Commerce raised their price target on shares of Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Scotiabank raised their target price on shares of Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. Canaccord Genuity Group raised their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. BMO Capital Markets raised their target price on shares of Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. Finally, TD Securities raised their target price on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Skeena Resources currently has an average rating of “Buy” and an average price target of C$47.43.

About Skeena Resources

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.