Skeena Resources (TSE:SKE) Insider Sells C$531,480.00 in Stock

Skeena Resources Limited (TSE:SKE) insider Kyle Christopher Foster sold 13,287 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$40.00, for a total value of C$531,480.00.

Kyle Christopher Foster also recently made the following trade(s):

• On Monday, May 4th, Kyle Christopher Foster sold 15,029 shares of Skeena Resources stock. The stock was sold at an average price of C$40.08, for a total value of C$602,362.32.
• On Friday, April 17th, Kyle Christopher Foster sold 23,333 shares of Skeena Resources stock. The stock was sold at an average price of C$47.12, for a total value of C$1,099,450.96.
• On Friday, April 17th, Kyle Christopher Foster sold 5,000 shares of Skeena Resources stock. The shares were sold at an average price of C$46.77, for a total value of C$233,850.00.

Skeena Resources Stock Performance

TSE:SKE traded up C$2.59 during trading on Wednesday, reaching C$42.60. The company’s stock had a trading volume of 149,931 shares, compared to its average volume of 435,422. The firm has a market cap of C$5.19 billion, a price-to-earnings ratio of -26.79 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. The firm has a 50 day moving average of C$43.53 and a 200-day moving average of C$36.74. Skeena Resources Limited has a 12 month low of C$15.26 and a 12 month high of C$53.00.

Skeena Resources (TSE:SKE) last announced its quarterly earnings data on Tuesday, March 24th. The company reported C($0.61) earnings per share (EPS) for the quarter. Research analysts expect that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SKE shares. Canadian Imperial Bank of Commerce increased their price target on Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Scotiabank increased their price target on Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. Canaccord Genuity Group increased their price objective on Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. TD Securities raised their price target on Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Finally, BMO Capital Markets raised their price target on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$47.43.

About Skeena Resources

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.