Insider Selling: Skeena Resources (TSE:SKE) Insider Sells C$55,608.00 in Stock

Skeena Resources Limited (TSE:SKE) insider Robert Jalun Kiesman sold 1,400 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$39.72, for a total value of C$55,608.00. Following the transaction, the insider owned 2,009 shares in the company, valued at approximately C$79,797.48. This trade represents a 41.07% decrease in their ownership of the stock.

Skeena Resources Stock Up 1.9%

Shares of SKE stock opened at C$46.96 on Thursday. Skeena Resources Limited has a 1-year low of C$15.26 and a 1-year high of C$53.00. The stock’s fifty day moving average price is C$42.77 and its 200 day moving average price is C$37.54. The company has a debt-to-equity ratio of 39.64, a current ratio of 1.82 and a quick ratio of 1.55. The company has a market cap of C$5.72 billion, a price-to-earnings ratio of -29.53 and a beta of 2.62.

Skeena Resources (TSE:SKE) last announced its earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. On average, research analysts expect that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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