Insider Buying: Skeena Resources (TSE:SKE) Director Acquires 1,666 Shares of Stock

Skeena Resources Limited (TSE:SKE) Director Jr. Walter Coles purchased 1,666 shares of Skeena Resources stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of C$40.88 per share, for a total transaction of C$68,106.08. Following the completion of the purchase, the director directly owned 2,287,739 shares in the company, valued at approximately C$93,522,770.32. This trade represents a 0.07% increase in their position.

Jr. Walter Coles also recently made the following trade(s):

• On Tuesday, May 12th, Jr. Walter Coles purchased 1,531 shares of Skeena Resources stock. The stock was bought at an average cost of C$44.73 per share, for a total transaction of C$68,481.63.

Skeena Resources Price Performance

Shares of SKE stock remained flat at C$42.59 during trading on Monday. 800,009 shares of the company were exchanged, compared to its average volume of 438,287. The company has a quick ratio of 1.55, a current ratio of 0.49 and a debt-to-equity ratio of 36.02. The firm has a market cap of C$5.18 billion, a P/E ratio of -26.79 and a beta of 2.62. The company has a fifty day simple moving average of C$42.65 and a 200-day simple moving average of C$37.85. Skeena Resources Limited has a 52-week low of C$15.38 and a 52-week high of C$53.00.

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. On average, sell-side analysts anticipate that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Analysts Set New Price Targets

SKE has been the subject of several analyst reports. Scotiabank boosted their price target on shares of Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. TD Securities boosted their price target on shares of Skeena Resources from C$35.00 to C$49.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price target on shares of Skeena Resources from C$44.00 to C$58.00 in a report on Wednesday, February 4th. BMO Capital Markets boosted their price target on shares of Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Finally, Canaccord Genuity Group boosted their price target on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Skeena Resources currently 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.