Insider Selling: Skeena Resources (TSE:SKE) Insider Sells C$34,499.25 in Stock

Skeena Resources Limited (TSE:SKE) insider Kyle Christopher Foster sold 855 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of C$40.35, for a total value of C$34,499.25. Following the completion of the transaction, the insider owned 655 shares of the company’s stock, valued at C$26,429.25. This trade represents a 56.62% decrease in their position.

Kyle Christopher Foster also recently made the following trade(s):

• On Wednesday, May 6th, Kyle Christopher Foster sold 15,000 shares of Skeena Resources stock. The shares were sold at an average price of C$42.81, for a total value of C$642,150.00.
• On Monday, May 4th, Kyle Christopher Foster sold 15,029 shares of Skeena Resources stock. The shares were sold at an average price of C$40.08, for a total value of C$602,362.32.
• On Tuesday, May 5th, Kyle Christopher Foster sold 13,287 shares of Skeena Resources stock. The shares were sold at an average price of C$40.00, for a total value 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 value of C$1,099,450.96.
• On Friday, April 17th, Kyle Christopher Foster sold 5,000 shares of Skeena Resources stock. The stock was sold at an average price of C$46.77, for a total value of C$233,850.00.

Skeena Resources Trading Up 2.1%

Shares of TSE SKE opened at C$40.63 on Friday. Skeena Resources Limited has a one year low of C$17.09 and a one year high of C$53.00. The firm has a market capitalization of C$5.04 billion, a PE ratio of -19.44 and a beta of 2.62. The company has a current ratio of 0.49, a quick ratio of 1.55 and a debt-to-equity ratio of 36.02. The business has a 50-day moving average price of C$41.96 and a two-hundred day moving average price of C$38.98.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Canadian Imperial Bank of Commerce raised their price objective on Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. Canaccord Genuity Group raised their price objective on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Finally, BMO Capital Markets raised their price objective on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Skeena Resources currently has an average rating of “Buy” and an average target price 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.