Skeena Resources (TSE:SKE) Insider Sells C$61,507.50 in Stock

Skeena Resources Limited (TSE:SKE) insider Kyle Christopher Foster sold 1,475 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of C$41.70, for a total transaction of C$61,507.50. Following the completion of the sale, the insider directly owned 655 shares in the company, valued at C$27,313.50. This represents a 69.25% decrease in their ownership of the stock.

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

• On Thursday, May 21st, Kyle Christopher Foster sold 855 shares of Skeena Resources stock. The shares were sold at an average price of C$40.35, for a total transaction of C$34,499.25.
• On Wednesday, May 6th, Kyle Christopher Foster sold 15,000 shares of Skeena Resources stock. The stock was sold at an average price of C$42.81, for a total transaction of C$642,150.00.
• On Monday, May 4th, Kyle Christopher Foster sold 15,029 shares of Skeena Resources stock. The stock was sold at an average price of C$40.08, for a total transaction 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 transaction of C$531,480.00.
• On Friday, April 17th, Kyle Christopher Foster sold 23,333 shares of Skeena Resources stock. The shares were sold at an average price of C$47.12, for a total transaction of C$1,099,450.96.
• On Friday, April 17th, Kyle Christopher Foster sold 5,000 shares of Skeena Resources stock. The shares were sold at an average price of C$46.77, for a total transaction of C$233,850.00.

Skeena Resources Trading Up 5.4%

SKE stock opened at C$38.86 on Friday. 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 company has a market cap of C$4.82 billion, a price-to-earnings ratio of -18.59 and a beta of 2.49. The business has a fifty day simple moving average of C$40.21 and a 200-day simple moving average of C$41.14. Skeena Resources Limited has a 52 week low of C$19.14 and a 52 week high of C$53.00.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Skeena Resources presently has a consensus rating of “Buy” and a consensus target price 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.