Skeena Resources Limited (TSE:SKE) Senior Officer Sells C$271,597.39 in Stock

Skeena Resources Limited (TSE:SKE) Senior Officer Andrew Macritchie sold 22,850 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$11.89, for a total transaction of C$271,597.39.

Andrew Macritchie also recently made the following trade(s):

• On Tuesday, September 10th, Andrew Macritchie sold 5,000 shares of Skeena Resources stock. The stock was sold at an average price of C$10.50, for a total transaction of C$52,500.00.

Skeena Resources Price Performance

SKE traded up C$0.07 during trading on Wednesday, hitting C$12.22. 459,947 shares of the stock traded hands, compared to its average volume of 327,469. The business has a 50 day moving average price of C$9.74 and a 200 day moving average price of C$7.58. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of -8.21 and a beta of 1.65. Skeena Resources Limited has a twelve month low of C$4.20 and a twelve month high of C$12.77. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55.

Skeena Resources (TSE:SKE) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.38) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.30). Equities research analysts forecast that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SKE has been the subject of several research reports. BMO Capital Markets lifted their price target on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Desjardins lifted their target price on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Royal Bank of Canada upped their price target on shares of Skeena Resources from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank lifted their price objective on shares of Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Finally, Canaccord Genuity Group increased their target price on shares of Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Skeena Resources currently has an average rating of “Buy” and a consensus target price of C$16.96.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.