Key Points
- Director Jr. Walter Coles bought 1,531 shares of Skeena Resources at an average price of C$44.73, increasing his direct holdings to 2,286,073 shares valued at about C$102.3 million.
- Skeena Resources stock was up 3.4% in Wednesday trading, opening at C$46.09 and moving within a 52-week range of C$15.26 to C$53.00.
- Analysts remain constructive on the company, with a consensus Buy rating and an average price target of C$47.43 after several firms raised their targets.
Skeena Resources Limited (TSE:SKE - Get Free Report) Director Jr. Walter Coles bought 1,531 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of C$44.73 per share, with a total value of C$68,481.63. Following the completion of the acquisition, the director directly owned 2,286,073 shares in the company, valued at approximately C$102,256,045.29. This trade represents a 0.07% increase in their position.
Skeena Resources Trading Up 3.4%
TSE:SKE opened at C$46.09 on Wednesday. The firm has a 50-day simple moving average of C$42.87 and a 200-day simple moving average of C$37.38. Skeena Resources Limited has a one year low of C$15.26 and a one year high of C$53.00. The firm has a market cap of C$5.61 billion, a P/E ratio of -28.99 and a beta of 2.62. The company has a debt-to-equity ratio of 39.64, a quick ratio of 1.55 and a current ratio of 1.82.
Skeena Resources (TSE:SKE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. Equities analysts anticipate that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.
Analysts Set New Price Targets
SKE has been the topic of a number of research analyst reports. TD Securities boosted their price objective on shares of Skeena Resources from C$35.00 to C$49.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce lifted their price target on Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. Scotiabank increased their price objective on Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. BMO Capital Markets raised their price objective on Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. Finally, Canaccord Genuity Group lifted their target price on Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$47.43.
Read Our Latest Stock Analysis on Skeena Resources
Skeena Resources Company Profile
(
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.
Further Reading
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