Insider Selling: Skeena Resources Limited (TSE:SKE) Senior Officer Sells C$82,395.00 in Stock

Skeena Resources Limited (TSE:SKE) Senior Officer Justin Reed Himmelright sold 7,500 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total value of C$82,395.00.

Justin Reed Himmelright also recently made the following trade(s):

• On Friday, July 19th, Justin Reed Himmelright sold 8,000 shares of Skeena Resources stock. The stock was sold at an average price of C$8.52, for a total value of C$68,136.00.

Skeena Resources Price Performance

SKE stock opened at C$11.95 on Friday. The firm has a market cap of C$1.27 billion, a P/E ratio of -7.81 and a beta of 1.65. The firm’s fifty day moving average is C$9.61 and its 200 day moving average is C$7.46. Skeena Resources Limited has a 52 week low of C$4.20 and a 52 week high of C$12.08. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88.

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

Analyst Upgrades and Downgrades

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