Skeena Resources (TSE:SKE) Shares Down 5.2%

Skeena Resources Limited (TSE:SKE)’s share price fell 5.2% on Tuesday . The stock traded as low as C$5.85 and last traded at C$5.85. 780,992 shares were traded during trading, an increase of 152% from the average session volume of 309,904 shares. The stock had previously closed at C$6.17.

Analyst Ratings Changes

SKE has been the topic of several recent analyst reports. Desjardins boosted their price target on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group increased their price target on Skeena Resources from C$14.75 to C$17.00 in a research report on Tuesday, April 23rd. Scotiabank reduced their price objective on Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James increased their target price on shares of Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets upped their target price on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$16.67.

Skeena Resources Price Performance

The company’s 50 day moving average is C$6.40 and its 200-day moving average is C$6.06. The firm has a market capitalization of C$601.16 million, a price-to-earnings ratio of -4.99 and a beta of 1.68. The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00.

Skeena Resources (TSE:SKE) last released its quarterly earnings data on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). Equities research analysts anticipate that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Insider Transactions at Skeena Resources

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is currently owned by corporate insiders.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.