Insider Selling: Skeena Resources Limited (TSE:SKE) Senior Officer Sells 53,100 Shares of Stock

Skeena Resources Limited (TSE:SKE) Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total value of C$334,476.90.

Skeena Resources Stock Down 2.5 %

Shares of SKE opened at C$6.33 on Thursday. Skeena Resources Limited has a 52 week low of C$4.20 and a 52 week high of C$10.38. The company has a quick ratio of 1.55, a current ratio of 1.35 and a debt-to-equity ratio of 2.27. The company has a market capitalization of C$571.09 million, a price-to-earnings ratio of -5.65 and a beta of 1.67. The stock’s 50-day moving average price is C$5.85 and its 200-day moving average price is C$5.78.

Skeena Resources (TSE:SKE) last issued its quarterly earnings results on Monday, April 1st. The company reported C($0.37) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Skeena Resources Limited will post -0.4862973 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SKE shares. Raymond James increased their price objective on Skeena Resources from C$13.00 to C$14.00 in a report on Tuesday. Desjardins upped their target price on Skeena Resources from C$18.25 to C$19.75 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, Canaccord Genuity Group upped their target price on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$16.39.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.