Insider Selling: Skeena Resources Limited (TSE:SKE) Senior Officer Sells C$271,597.39 in Stock

Skeena Resources Limited (TSE:SKE) Senior Officer Andrew Macritchie sold 22,850 shares of Skeena Resources stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$11.89, for a total transaction of C$271,597.39.

Andrew Macritchie also recently made the following trade(s):

• On Tuesday, September 10th, Andrew Macritchie sold 5,000 shares of Skeena Resources stock. The shares were sold at an average price of C$10.50, for a total value of C$52,500.00.

Skeena Resources Stock Performance

The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. Skeena Resources Limited has a one year low of C$4.20 and a one year high of C$12.77. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of -7.97 and a beta of 1.65. The firm has a fifty day moving average of C$9.88 and a 200-day moving average of C$7.66.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.30). Sell-side analysts predict that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SKE. Canaccord Genuity Group upped their price target on shares of Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd. Scotiabank lifted their target price on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Royal Bank of Canada upped their price target on Skeena Resources from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Desjardins lifted their price objective on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, BMO Capital Markets upped their target price on shares of Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Skeena Resources presently has a consensus rating of “Buy” and an average target price of C$16.96.

Skeena Resources Company Profile

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.