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

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

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

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

Skeena Resources Stock Down 7.1%

Shares of SKE opened at C$39.57 on Wednesday. The firm has a market cap of C$4.82 billion, a P/E ratio of -24.89 and a beta of 2.62. The stock has a 50 day simple moving average of C$42.47 and a two-hundred day simple moving average of C$38.11. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55. Skeena Resources Limited has a 1 year low of C$15.85 and a 1 year high of C$53.00.

Skeena Resources (TSE:SKE) last issued its earnings results on Friday, May 15th. The company reported C($0.86) earnings per share (EPS) for the quarter. On average, analysts forecast 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. TD Securities boosted their price objective on Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price objective on Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. BMO Capital Markets boosted their price objective on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Scotiabank boosted their price objective on Skeena Resources from C$25.00 to C$44.00 in a research report on Monday, January 26th. Finally, Canaccord Genuity Group boosted their price objective on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus 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.