Insider Selling: Skeena Resources (TSE:SKE) Insider Sells 320 Shares of Stock

Skeena Resources Limited (TSE:SKE) insider Robert Jalun Kiesman sold 320 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$41.24, for a total transaction of C$13,196.80. Following the transaction, the insider directly owned 2,009 shares of the company’s stock, valued at C$82,851.16. This trade represents a 13.74% decrease in their position.

Robert Jalun Kiesman also recently made the following trade(s):

• On Wednesday, May 6th, Robert Jalun Kiesman sold 1,400 shares of Skeena Resources stock. The stock was sold at an average price of C$39.72, for a total transaction of C$55,608.00.

Skeena Resources Trading Up 1.3%

SKE stock traded up C$0.53 on Tuesday, hitting C$41.18. 255,264 shares of the company were exchanged, compared to its average volume of 428,638. Skeena Resources Limited has a twelve month low of C$16.46 and a twelve month high of C$53.00. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55. The business’s fifty day moving average is C$42.00 and its two-hundred day moving average is C$38.73. The stock has a market capitalization of C$5.11 billion, a price-to-earnings ratio of -19.70 and a beta of 2.62.

Skeena Resources (TSE:SKE) last released its quarterly earnings data on Friday, May 15th. The company reported C($0.86) earnings per share (EPS) for the quarter. As a group, research analysts forecast that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. Canaccord Genuity Group raised their price target on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. Scotiabank raised their price target on shares of Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Finally, BMO Capital Markets raised their price target on shares of Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.