Skeena Resources (TSE:SKE) PT Set at C$64.00 by Royal Bank Of Canada

Skeena Resources (TSE:SKE) has been given a C$64.00 price target by stock analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 49.85% from the stock’s current price.

Skeena Resources Trading Up 0.4%

Shares of Skeena Resources stock traded up C$0.15 during mid-day trading on Tuesday, hitting C$42.71. The stock had a trading volume of 148,002 shares, compared to its average volume of 393,955. The firm has a market cap of C$5.36 billion, a P/E ratio of -20.63 and a beta of 2.57. Skeena Resources has a 12-month low of C$21.61 and a 12-month high of C$53.00. The company has a quick ratio of 1.55, a current ratio of 3.15 and a debt-to-equity ratio of 657.17. The firm has a 50-day moving average of C$42.23 and a two-hundred day moving average of C$42.02.

Skeena Resources (TSE:SKE) last posted its earnings results on Thursday, August 13th. The company reported C($0.28) earnings per share (EPS) for the quarter. Sell-side analysts forecast that Skeena Resources will post -0.4862973 earnings per share for the current year.

Insider Activity at Skeena Resources

In other Skeena Resources news, 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 completion of the transaction, the insider owned 726,503 shares in the company, valued at C$28,958,409.58. The trade was a 6.44% decrease in their ownership of the stock. Also, insider Kyle Christopher Foster sold 1,475 shares of the company’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$41.70, for a total value of C$61,507.50. Following the sale, the insider directly owned 655 shares in the company, valued at C$27,313.50. This represents a 69.25% decrease in their position. Insiders sold 151,024 shares of company stock worth $6,183,832 in the last three months. 1.51% of the stock is owned by company insiders.

About Skeena Resources

Skeena is a leading precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia’s Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world’s highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines.