Skeena Resources (TSE:SKE) Posts Earnings Results

Skeena Resources (TSE:SKE) posted its earnings results on Friday. The company reported C($0.86) EPS for the quarter, FiscalAI reports.

Skeena Resources Price Performance

Skeena Resources stock opened at C$42.59 on Friday. The business’s 50 day simple moving average is C$42.65 and its 200 day simple moving average is C$37.74. Skeena Resources has a 12 month low of C$15.38 and a 12 month high of C$53.00. The company has a market cap of C$5.18 billion, a price-to-earnings ratio of -26.79 and a beta of 2.62. The company has a current ratio of 1.82, a quick ratio of 1.55 and a debt-to-equity ratio of 39.64.

Wall Street Analyst Weigh In

SKE has been the subject of a number of analyst reports. Canaccord Genuity Group raised their price objective on Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. Canadian Imperial Bank of Commerce increased their target price on shares of Skeena Resources from C$44.00 to C$58.00 in a report on Wednesday, February 4th. Scotiabank raised their price target on shares of Skeena Resources from C$25.00 to C$44.00 in a research report on Monday, January 26th. BMO Capital Markets boosted their price target on shares of Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Finally, TD Securities increased their price objective on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Skeena Resources currently has an average rating of “Buy” and a consensus price target of C$47.43.

Insider Transactions at Skeena Resources

In other news, insider Kyle Christopher Foster sold 15,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$42.81, for a total transaction of C$642,150.00. Also, insider Andrew Osterloh sold 6,667 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$44.24, for a total value of C$294,948.08. In the last three months, insiders have sold 85,190 shares of company stock valued at $3,701,636. Corporate insiders own 1.51% of the company’s stock.

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.