Royal Bank Of Canada Reiterates C$64.00 Price Target for Skeena Resources (TSE:SKE)

Royal Bank Of Canada set a C$64.00 price objective on Skeena Resources (TSE:SKE) in a report published on Tuesday morning, MarketBeat reports. The firm currently has a moderate buy rating on the stock.

Skeena Resources Stock Up 5.2%

SKE stock opened at C$43.80 on Tuesday. The stock has a market cap of C$5.50 billion, a PE ratio of -21.16 and a beta of 2.57. The firm’s 50-day simple moving average is C$42.51 and its 200 day simple moving average is C$41.85. Skeena Resources has a fifty-two week low of C$21.61 and a fifty-two week high of C$53.00. The company has a quick ratio of 1.55, a current ratio of 3.15 and a debt-to-equity ratio of 657.17.

Skeena Resources (TSE:SKE) last posted its earnings results on Thursday, August 13th. The company reported C($0.28) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that Skeena Resources will post -0.4862973 EPS for the current year.

Insider Buying and Selling

In other Skeena Resources news, insider Kyle Christopher Foster sold 1,475 shares of Skeena Resources stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$41.70, for a total transaction of C$61,507.50. Following the sale, the insider owned 655 shares of the company’s stock, valued at C$27,313.50. The trade was a 69.25% decrease in their position. Also, insider Andrew Macritchie sold 50,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of C$39.86, for a total value of C$1,993,000.00. Following the transaction, the insider owned 726,503 shares of the company’s stock, valued at C$28,958,409.58. This trade represents a 6.44% decrease in their position. Insiders sold a total of 108,730 shares of company stock valued at $4,389,720 over the last three months. Corporate insiders own 1.51% of the company’s stock.

About Skeena Resources

Skeena is a leading precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia’s Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world’s highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines.