Skeena Resources (TSE:SKE) Trading Down 0.2% – Here’s What Happened

Shares of Skeena Resources Limited (TSE:SKE) dropped 0.2% on Monday . The company traded as low as C$39.22 and last traded at C$39.66. 333,168 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 420,625 shares. The stock had previously closed at C$39.75.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SKE shares. BMO Capital Markets upped their target price on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Canaccord Genuity Group lifted their price target on shares of Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$47.43.

Skeena Resources Price Performance

The company has a market capitalization of C$4.92 billion, a P/E ratio of -18.98 and a beta of 2.36. The stock’s fifty day simple moving average is C$41.82 and its 200-day simple moving average is C$40.58. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data on Friday, May 15th. The company reported C($0.86) EPS for the quarter. On average, equities analysts forecast that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Skeena Resources news, insider Robert Jalun Kiesman sold 1,400 shares of Skeena Resources stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$39.72, for a total value of C$55,608.00. Following the transaction, the insider directly owned 2,009 shares of the company’s stock, valued at C$79,797.48. The trade was a 41.07% decrease in their position. Also, insider Andrew Osterloh sold 6,667 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$44.24, for a total value of C$294,948.08. Over the last quarter, insiders sold 86,365 shares of company stock worth $3,749,332. 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.