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

Skeena Resources Limited (TSE:SKE) insider Robert Jalun Kiesman sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$39.72, for a total transaction of C$55,608.00. Following the transaction, the insider directly owned 2,009 shares of the company’s stock, valued at approximately C$79,797.48. This represents a 41.07% decrease in their position.

Skeena Resources Price Performance

Shares of TSE:SKE opened at C$44.58 on Tuesday. The company has a 50 day moving average of C$42.98 and a 200 day moving average of C$37.22. The stock has a market cap of C$5.43 billion, a P/E ratio of -28.04 and a beta of 2.62. Skeena Resources Limited has a 12 month low of C$15.26 and a 12 month high of C$53.00. 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 issued its quarterly earnings data on Tuesday, March 24th. The company reported C($0.61) EPS for the quarter. As a group, sell-side analysts forecast that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SKE. Canaccord Genuity Group raised their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. TD Securities raised their target price on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Scotiabank raised their target price on shares of Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. BMO Capital Markets raised their target price on shares of Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$47.43.

Skeena Resources Company Profile

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.