Jr. Walter Coles Purchases 1,531 Shares of Skeena Resources (TSE:SKE) Stock

Skeena Resources Limited (TSE:SKE) Director Jr. Walter Coles bought 1,531 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of C$44.73 per share, for a total transaction of C$68,481.63. Following the completion of the transaction, the director directly owned 2,286,073 shares in the company, valued at approximately C$102,256,045.29. This represents a 0.07% increase in their position.

Skeena Resources Price Performance

Shares of TSE SKE opened at C$46.96 on Thursday. The firm has a market capitalization of C$5.72 billion, a P/E ratio of -29.53 and a beta of 2.62. Skeena Resources Limited has a one year low of C$15.26 and a one year high of C$53.00. The company’s fifty day moving average is C$42.77 and its two-hundred day moving average is C$37.54. The company has a debt-to-equity ratio of 39.64, a quick ratio of 1.55 and a current ratio of 1.82.

Skeena Resources (TSE:SKE) last issued its earnings results on Tuesday, March 24th. The company reported C($0.61) EPS for the quarter. Analysts forecast that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SKE. BMO Capital Markets boosted their target price on shares of Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Scotiabank boosted their target price on shares of Skeena Resources from C$25.00 to C$44.00 in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce boosted their target price on shares of Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. TD Securities boosted their target price on shares of Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group boosted their target price on shares of 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, the company presently has a consensus rating of “Buy” and an average target price 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.