Skeena Resources (TSE:SKE) Insider Andrew Macritchie Sells 19,200 Shares of Stock

Skeena Resources Limited (TSE:SKE) insider Andrew Macritchie sold 19,200 shares of the firm’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$42.00, for a total value of C$806,400.00. Following the completion of the sale, the insider directly owned 814,103 shares of the company’s stock, valued at C$34,192,326. This trade represents a 2.30% decrease in their ownership of the stock.

Andrew Macritchie also recently made the following trade(s):

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

Skeena Resources Stock Down 3.6%

Shares of TSE SKE opened at C$36.86 on Thursday. The company has a market capitalization of C$4.57 billion, a P/E ratio of -17.64 and a beta of 2.49. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55. The company has a 50 day simple moving average of C$40.25 and a 200-day simple moving average of C$41.10. Skeena Resources Limited has a 1 year low of C$19.14 and a 1 year high of C$53.00.

Skeena Resources (TSE:SKE) last issued its quarterly earnings data on Friday, May 15th. The company reported C($0.86) earnings per share (EPS) for the quarter. On average, equities research analysts predict that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SKE. Canaccord Genuity Group increased their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. BMO Capital Markets raised their price objective on shares of Skeena Resources from C$45.00 to C$50.00 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 has a consensus rating of “Buy” and a consensus target price 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.