Insider Buying: Skeena Resources (TSE:SKE) Director Purchases C$68,481.63 in Stock

Skeena Resources Limited (TSE:SKE) Director Jr. Walter Coles purchased 1,531 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost 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 of the company’s stock, valued at C$102,256,045.29. This trade represents a 0.07% increase in their position.

Skeena Resources Trading Down 0.7%

Shares of TSE:SKE opened at C$46.62 on Friday. Skeena Resources Limited has a 12-month low of C$15.36 and a 12-month high of C$53.00. The company has a market capitalization of C$5.68 billion, a PE ratio of -29.32 and a beta of 2.62. The business has a 50 day moving average of C$42.75 and a two-hundred day moving average of C$37.71. The company has a current ratio of 1.82, a quick ratio of 1.55 and a debt-to-equity ratio of 39.64.

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

Analyst Ratings Changes

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