Skeena Resources (TSE:SKE) Insider Andrew Macritchie Sells 37,600 Shares of Stock

Skeena Resources Limited (TSE:SKE) insider Andrew Macritchie sold 37,600 shares of Skeena Resources stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$40.10, for a total value of C$1,507,760.00. Following the transaction, the insider directly owned 776,503 shares in the company, valued at approximately C$31,137,770.30. This trade represents a 4.62% decrease in their position.

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

• On Friday, July 3rd, Andrew Macritchie sold 19,200 shares of Skeena Resources stock. The shares were sold at an average price of C$42.00, for a total transaction of C$806,400.00.

Skeena Resources Trading Down 3.6%

Skeena Resources stock opened at C$36.86 on Thursday. The company has a quick ratio of 1.55, a current ratio of 0.49 and a debt-to-equity ratio of 36.02. Skeena Resources Limited has a 12 month low of C$19.14 and a 12 month high of C$53.00. The company’s fifty day simple moving average is C$40.25 and its 200-day simple moving average is C$41.10. The stock has a market cap of C$4.57 billion, a P/E ratio of -17.64 and a beta of 2.49.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.86) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SKE. 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 boosted their price target on Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average 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.