Skeena Resources (TSE:SKE) Director Sukhjit Hayre Sells 42,294 Shares of Stock

Skeena Resources Limited (TSE:SKE) Director Sukhjit Hayre sold 42,294 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of C$42.42, for a total transaction of C$1,794,111.48. Following the completion of the sale, the director owned 248,068 shares of the company’s stock, valued at approximately C$10,523,044.56. The trade was a 14.57% decrease in their position.

Skeena Resources Stock Performance

Shares of SKE stock opened at C$36.29 on Thursday. The firm has a 50-day moving average of C$41.45 and a 200-day moving average of C$40.68. The company has a market cap of C$4.50 billion, a P/E ratio of -17.36 and a beta of 2.36. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55. Skeena Resources Limited has a one year low of C$19.14 and a one year high of C$53.00.

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

Analysts Set New Price Targets

SKE has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their target price on Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. BMO Capital Markets increased their price target on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Skeena Resources currently has a consensus 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.