Key Points
- Insider Andrew Macritchie sold 50,000 Skeena Resources shares at an average C$39.86, generating approximately C$1.99 million. His remaining direct ownership fell 6.44% to 726,503 shares.
- Macritchie also sold 56,800 shares earlier in July, bringing his recent sales to 106,800 shares and roughly C$4.31 million in proceeds.
- Skeena shares opened at C$38.35, while analysts maintained a consensus “Buy” rating with an average price target of C$47.43.
Skeena Resources Limited (TSE:SKE - Get Free Report) insider Andrew Macritchie sold 50,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of C$39.86, for a total value of C$1,993,000.00. Following the completion of the transaction, the insider directly owned 726,503 shares in the company, valued at C$28,958,409.58. This trade represents a 6.44% decrease in their ownership of the stock.
Andrew Macritchie also recently made the following trade(s):
- On Friday, July 3rd, Andrew Macritchie sold 19,200 shares of Skeena Resources stock. The stock was sold at an average price of C$42.00, for a total value of C$806,400.00.
- On Monday, July 6th, Andrew Macritchie sold 37,600 shares of Skeena Resources stock. The stock was sold at an average price of C$40.10, for a total transaction of C$1,507,760.00.
Skeena Resources Trading Up 0.3%
TSE:SKE opened at C$38.35 on Tuesday. The business's 50-day moving average is C$38.89 and its two-hundred day moving average is C$41.50. The firm has a market capitalization of C$4.76 billion, a PE ratio of -18.35 and a beta of 2.49. Skeena Resources Limited has a 12 month low of C$19.14 and a 12 month high of C$53.00. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55.
Skeena Resources (TSE:SKE - Get Free Report) last posted its earnings results on Friday, May 15th. The company reported C($0.86) earnings per share (EPS) for the quarter. Research analysts predict that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Canaccord Genuity Group boosted their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Skeena Resources currently has an average rating of "Buy" and an average price target of C$47.43.
Get Our Latest Stock Analysis on Skeena Resources
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
