Andrew Macritchie Sells 22,850 Shares of Skeena Resources Limited (TSE:SKE) Stock

Skeena Resources Limited (TSE:SKE) Senior Officer Andrew Macritchie sold 22,850 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$11.89, for a total value 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 value of C$52,500.00.

Skeena Resources Price Performance

TSE SKE opened at C$12.04 on Friday. The business’s fifty day moving average price is C$9.82 and its 200-day moving average price is C$7.63. The stock has a market capitalization of C$1.28 billion, a price-to-earnings ratio of -7.97 and a beta of 1.65. 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 Limited has a 1-year low of C$4.20 and a 1-year high of C$12.77.

Skeena Resources (TSE:SKE) last released its quarterly earnings results 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). On average, equities analysts predict that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BMO Capital Markets upped their price target on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Scotiabank upped their price objective on Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Desjardins upped their price objective on Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Canaccord Genuity Group upped their price objective on Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada upped their price objective 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently 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.