Andrew Macritchie Sells 50,000 Shares of Skeena Resources (TSE:SKE) Stock

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

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 transaction of C$806,400.00.
• On Monday, July 6th, Andrew Macritchie sold 37,600 shares of Skeena Resources stock. The stock was sold at an average price of C$40.10, for a total transaction of C$1,507,760.00.

Skeena Resources Trading Down 2.8%

Shares of Skeena Resources stock opened at C$37.27 on Wednesday. The stock has a market cap of C$4.62 billion, a PE ratio of -17.83 and a beta of 2.49. The firm has a fifty day moving average price of C$38.85 and a 200 day moving average price of C$41.51. Skeena Resources Limited has a 1 year low of C$19.14 and a 1 year high of C$53.00. 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 (TSE:SKE) last released its quarterly earnings data on Friday, May 15th. The company reported C($0.86) earnings per share for the quarter. Equities research analysts predict that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SKE. Canaccord Genuity Group increased their price target on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. BMO Capital Markets lifted their price objective on shares of Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average 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.