Skeena Resources (TSE:SKE) Director Sukhjit Hayre Sells 42,294 Shares

Skeena Resources Limited (TSE:SKE) Director Sukhjit Hayre sold 42,294 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of C$42.42, for a total transaction of C$1,794,111.48. Following the sale, the director owned 248,068 shares of the company’s stock, valued at approximately C$10,523,044.56. The trade was a 14.57% decrease in their position.

Skeena Resources Stock Performance

Shares of TSE:SKE traded down C$1.49 during mid-day trading on Wednesday, reaching C$35.52. The company had a trading volume of 278,298 shares, compared to its average volume of 419,014. Skeena Resources Limited has a one year low of C$19.14 and a one year high of C$53.00. The company has a current ratio of 0.49, a quick ratio of 1.55 and a debt-to-equity ratio of 36.02. The company’s 50-day moving average price is C$41.64 and its 200-day moving average price is C$40.64. The firm has a market cap of C$4.41 billion, a price-to-earnings ratio of -17.00 and a beta of 2.36.

Skeena Resources (TSE:SKE) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.86) earnings per share for the quarter. As a group, equities research analysts anticipate that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SKE shares. Canaccord Genuity Group upped their price objective on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. BMO Capital Markets upped their price target on shares of Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$47.43.

Skeena Resources Company Profile

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.