Skeena Resources (TSE:SKE) Insider Andrew Macritchie Sells 50,000 Shares

Skeena Resources Limited (TSE:SKE) insider Andrew Macritchie sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of C$39.86, for a total value of C$1,993,000.00. Following the completion of the sale, the insider directly owned 726,503 shares of the company’s stock, valued at C$28,958,409.58. The trade was a 6.44% decrease in their ownership of the stock.

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

• On Friday, July 3rd, Andrew Macritchie sold 19,200 shares of Skeena Resources stock. The stock was sold at an average price of C$42.00, for a total value of C$806,400.00.
• On Monday, July 6th, Andrew Macritchie sold 37,600 shares of Skeena Resources stock. The shares were sold at an average price of C$40.10, for a total transaction of C$1,507,760.00.

Skeena Resources Stock Up 0.3%

Shares of TSE:SKE opened at C$38.35 on Tuesday. Skeena Resources Limited has a fifty-two week low of C$19.14 and a fifty-two week high of C$53.00. The company has a quick ratio of 1.55, a current ratio of 0.49 and a debt-to-equity ratio of 36.02. The firm’s 50-day simple moving average is C$38.89 and its 200-day simple moving average is C$41.50. The company has a market cap of C$4.76 billion, a price-to-earnings ratio of -18.35 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, equities research analysts predict that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SKE. BMO Capital Markets upped their price target on Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Canaccord Genuity Group boosted their price objective on shares of Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.