Key Points
- Insider sale: Skeena Resources insider Kyle Christopher Foster sold 15,000 shares on May 6 at an average price of C$42.81, totaling about C$642,150. This follows several other recent sales by Foster in early and mid-April and May.
- Stock and valuation snapshot: SKE opened at C$44.58, near its 50-day average of C$42.98 and above its 200-day average of C$37.22. The company has a market cap of C$5.43 billion and shares have traded between C$15.26 and C$53.00 over the past year.
- Analyst sentiment remains positive: Analysts have recently raised price targets, and MarketBeat shows a consensus rating of Buy with an average target of C$47.43. Skeena last reported a quarterly EPS of C($0.61), and analysts expect a loss for the current year.
Skeena Resources Limited (TSE:SKE - Get Free Report) insider Robert Jalun Kiesman sold 1,400 shares of the company's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$39.72, for a total value of C$55,608.00. Following the completion of the sale, the insider directly owned 2,009 shares of the company's stock, valued at approximately C$79,797.48. This represents a 41.07% decrease in their position.
Skeena Resources Stock Up 2.5%
Shares of SKE opened at C$44.58 on Tuesday. The firm has a market cap of C$5.43 billion, a P/E ratio of -28.04 and a beta of 2.62. The stock has a 50 day simple moving average of C$42.98 and a two-hundred day simple moving average of C$37.22. The company has a debt-to-equity ratio of 39.64, a current ratio of 1.82 and a quick ratio of 1.55. Skeena Resources Limited has a 1 year low of C$15.26 and a 1 year high of C$53.00.
Skeena Resources (TSE:SKE - Get Free Report) last issued its earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share (EPS) for the quarter. On average, analysts forecast that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on SKE. Canadian Imperial Bank of Commerce upped their target price on Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. BMO Capital Markets upped their target price on Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. TD Securities upped their target price on Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group increased their price objective on Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. Finally, Scotiabank increased their price objective on Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$47.43.
Read Our Latest Stock Report on SKE
About Skeena Resources
(
Get Free Report)
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.
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