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

Skeena Resources Limited (TSE:SKE - Get Free Report) 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 - Get Free Report) 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.


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Read Our Latest Stock Analysis on SKE

Skeena Resources Company Profile

(Get Free Report)

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.

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