Skeena Resources (TSE:SKE) Stock Price Down 0.2% – Should You Sell?

Shares of Skeena Resources Limited (TSE:SKE) traded down 0.2% during trading on Monday . The stock traded as low as C$39.22 and last traded at C$39.66. Approximately 333,168 shares were traded during mid-day trading, a decline of 21% from the average session volume of 420,625 shares. The stock had previously closed at C$39.75.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SKE. BMO Capital Markets boosted their price target on shares of Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Canaccord Genuity Group boosted their price objective on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Skeena Resources currently has an average rating of “Buy” and a consensus target price of C$47.43.

Skeena Resources Trading Down 1.9%

The company has a quick ratio of 1.55, a current ratio of 0.49 and a debt-to-equity ratio of 36.02. The firm has a market cap of C$4.50 billion, a P/E ratio of -17.36 and a beta of 2.36. The firm’s 50-day simple moving average is C$41.64 and its 200 day simple moving average is C$40.64.

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

Insider Transactions at Skeena Resources

In other news, Director Jr. Walter Coles bought 1,666 shares of the stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of C$40.88 per share, for a total transaction of C$68,106.08. Following the completion of the purchase, the director directly owned 2,287,739 shares in the company, valued at C$93,522,770.32. This represents a 0.07% increase in their position. Also, insider Robert Jalun Kiesman sold 1,400 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$39.72, for a total value of C$55,608.00. Following the transaction, the insider owned 2,009 shares of the company’s stock, valued at approximately C$79,797.48. The trade was a 41.07% decrease in their ownership of the stock. Over the last 90 days, insiders sold 128,659 shares of company stock valued at $5,543,443. 1.51% of the stock is currently owned by insiders.

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.