Skeena Resources (TSE:SKE) Insider Sells C$241,786.58 in Stock

Skeena Resources Limited (TSE:SKE) insider Andrew Osterloh sold 5,474 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$44.17, for a total value of C$241,786.58.

Skeena Resources Stock Performance

Shares of SKE stock traded up C$0.60 during trading on Wednesday, reaching C$46.69. 179,326 shares of the company’s stock were exchanged, compared to its average volume of 430,555. The company has a quick ratio of 1.55, a current ratio of 1.82 and a debt-to-equity ratio of 39.64. The stock has a market capitalization of C$5.68 billion, a PE ratio of -29.36 and a beta of 2.62. Skeena Resources Limited has a twelve month low of C$15.26 and a twelve month high of C$53.00. The firm’s fifty day moving average price is C$42.87 and its 200-day moving average price is C$37.38.

Skeena Resources (TSE:SKE) last posted its earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. As a group, sell-side analysts anticipate that Skeena Resources Limited will post -0.4862973 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SKE. Scotiabank upped their price objective on Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. BMO Capital Markets upped their price objective on Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. TD Securities upped their price objective on Skeena Resources from C$35.00 to C$49.00 in a report on Thursday, January 22nd. Canaccord Genuity Group upped their target price on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce upped their target price on Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. Three investment 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 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.