Skeena Resources (TSE:SKE) Director Sells C$1,794,111.48 in Stock

Skeena Resources Limited (TSE:SKE) Director Sukhjit Hayre sold 42,294 shares of Skeena Resources stock in a transaction on Thursday, June 18th. The stock was sold at an average price of C$42.42, for a total transaction of C$1,794,111.48. Following the sale, the director directly owned 248,068 shares in the company, valued at C$10,523,044.56. This trade represents a 14.57% decrease in their position.

Skeena Resources Trading Up 3.4%

Shares of SKE opened at C$38.16 on Friday. The company has a market capitalization of C$4.74 billion, a P/E ratio of -18.26 and a beta of 2.36. Skeena Resources Limited has a one year low of C$19.14 and a one year high of C$53.00. The company has a debt-to-equity ratio of 36.02, a quick ratio of 1.55 and a current ratio of 0.49. The stock has a 50-day moving average price of C$41.15 and a 200 day moving average price of C$40.71.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Friday, May 15th. The company reported C($0.86) EPS for the quarter. Sell-side analysts forecast that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SKE shares. BMO Capital Markets raised their price target on Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Canaccord Genuity Group upped their price objective on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Skeena Resources currently has a consensus rating of “Buy” and a consensus price target 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.