Key Points
- Insider selling continued at Skeena Resources: Insider Kyle Christopher Foster sold 855 shares on May 21 at C$40.35 each, trimming his stake by 56.62%. This follows several much larger sales earlier in May and April.
- Stock performance and valuation: Skeena Resources shares were up 1.3% and opened at C$41.18, near their 50-day average of C$42.00. The stock has traded between C$16.46 and C$53.00 over the past year.
- Analysts remain constructive: Despite recent losses and insider selling, the stock carries a consensus Buy rating with an average price target of C$47.43. Recent target increases from CIBC, BMO, and Canaccord Genuity point to continued optimism.
Skeena Resources Limited (TSE:SKE - Get Free Report) insider Robert Jalun Kiesman sold 320 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$41.24, for a total value of C$13,196.80. Following the completion of the transaction, the insider owned 2,009 shares in the company, valued at C$82,851.16. This trade represents a 13.74% decrease in their position.
Robert Jalun Kiesman also recently made the following trade(s):
- On Wednesday, May 6th, Robert Jalun Kiesman sold 1,400 shares of Skeena Resources stock. The shares were sold at an average price of C$39.72, for a total value of C$55,608.00.
Skeena Resources Stock Performance
Shares of SKE stock opened at C$41.18 on Wednesday. The stock has a market capitalization of C$5.11 billion, a PE ratio of -19.70 and a beta of 2.62. Skeena Resources Limited has a 52-week low of C$16.46 and a 52-week high of C$53.00. The stock's 50-day moving average price is C$42.00 and its 200 day moving average price is C$38.73. The company has a quick ratio of 1.55, a current ratio of 0.49 and a debt-to-equity ratio of 36.02.
Skeena Resources (TSE:SKE - Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported C($0.86) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that Skeena Resources Limited will post -0.4862973 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Canadian Imperial Bank of Commerce boosted their price target on Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. Finally, Canaccord Genuity Group boosted their price target on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$47.43.
View Our Latest Stock Report 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.
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