Insider Selling: Skeena Resources (TSE:SKE) Insider Sells C$642,150.00 in Stock

Skeena Resources Limited (TSE:SKE) insider Kyle Christopher Foster sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$42.81, for a total value of C$642,150.00.

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 transaction of C$602,362.32.
• On Tuesday, May 5th, Kyle Christopher Foster sold 13,287 shares of Skeena Resources stock. The stock was sold at an average price of C$40.00, for a total transaction of C$531,480.00.
• 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 transaction 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 transaction of C$233,850.00.

Skeena Resources Stock Performance

Shares of SKE opened at C$46.96 on Thursday. The firm has a 50-day moving average of C$42.77 and a 200-day moving average of C$37.54. Skeena Resources Limited has a one year low of C$15.26 and a one year high of C$53.00. The company has a market cap of C$5.72 billion, a PE ratio of -29.53 and a beta of 2.62. 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 (TSE:SKE) last released its quarterly earnings data on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. As a group, equities analysts forecast that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Securities upped their price objective on Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their target price on Skeena Resources from C$44.00 to C$58.00 in a report 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 raised their price target on Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. Finally, BMO Capital Markets lifted their price objective on shares of Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Skeena Resources 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.