Robert Jalun Kiesman Sells 1,400 Shares of Skeena Resources (TSE:SKE) Stock

Skeena Resources Limited (TSE:SKE) insider Robert Jalun Kiesman sold 1,400 shares of Skeena Resources 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 in the company, valued at approximately C$79,797.48. The trade was a 41.07% decrease in their position.

Skeena Resources Stock Performance

TSE:SKE opened at C$46.09 on Wednesday. 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. The stock’s 50 day simple moving average is C$42.87 and its two-hundred day simple moving average is C$37.38. The company has a market cap of C$5.61 billion, a price-to-earnings ratio of -28.99 and a beta of 2.62.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SKE. BMO Capital Markets boosted their target price on 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 Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Canadian Imperial Bank of Commerce boosted their target price on Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. TD Securities boosted their target price on Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Finally, Scotiabank boosted their target price on Skeena Resources from C$25.00 to C$44.00 in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.