Skeena Resources (TSE:SKE) Insider Sells C$1,993,000.00 in Stock

Skeena Resources Limited (TSE:SKE) insider Andrew Macritchie sold 50,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of C$39.86, for a total value of C$1,993,000.00. Following the sale, the insider owned 726,503 shares in the company, valued at approximately C$28,958,409.58. The trade was a 6.44% decrease in their ownership of the stock.

Andrew Macritchie also recently made the following trade(s):

• On Friday, July 3rd, Andrew Macritchie sold 19,200 shares of Skeena Resources stock. The shares were sold at an average price of C$42.00, for a total value of C$806,400.00.
• On Monday, July 6th, Andrew Macritchie sold 37,600 shares of Skeena Resources stock. The shares were sold at an average price of C$40.10, for a total value of C$1,507,760.00.

Skeena Resources Trading Down 3.3%

Shares of Skeena Resources stock opened at C$36.03 on Thursday. Skeena Resources Limited has a 12-month low of C$19.14 and a 12-month high of C$53.00. The company has a market cap of C$4.47 billion, a price-to-earnings ratio of -17.24 and a beta of 2.49. 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$38.76 and its 200-day moving average price is C$41.52.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. Canaccord Genuity Group upped their target price on Skeena Resources from C$40.00 to C$52.00 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, Skeena Resources has a consensus rating of “Buy” and an average price target 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.