Sukhjit Hayre Sells 42,294 Shares of Skeena Resources (TSE:SKE) Stock

Skeena Resources Limited (TSE:SKE) Director Sukhjit Hayre sold 42,294 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of C$42.42, for a total value of C$1,794,111.48. Following the completion of the sale, the director owned 248,068 shares in the company, valued at approximately C$10,523,044.56. The trade was a 14.57% decrease in their ownership of the stock.

Skeena Resources Trading Up 1.7%

SKE opened at C$36.92 on Friday. Skeena Resources Limited has a 12 month low of C$19.14 and a 12 month high of C$53.00. The stock has a market capitalization of C$4.58 billion, a price-to-earnings ratio of -17.67 and a beta of 2.36. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55. The business has a fifty day moving average price of C$41.27 and a 200 day moving average price of C$40.73.

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

Analyst Upgrades and Downgrades

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

About Skeena Resources

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.