Andrew Macritchie Sells 19,200 Shares of Skeena Resources (TSE:SKE) Stock

Skeena Resources Limited (TSE:SKE) insider Andrew Macritchie sold 19,200 shares of Skeena Resources stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$42.00, for a total transaction of C$806,400.00. Following the completion of the transaction, the insider directly owned 814,103 shares of the company’s stock, valued at approximately C$34,192,326. This trade represents a 2.30% decrease in their position.

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

• 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 5.4%

Shares of SKE stock opened at C$38.86 on Friday. Skeena Resources Limited has a 52-week low of C$19.14 and a 52-week high of C$53.00. The stock has a market cap of C$4.82 billion, a price-to-earnings ratio of -18.59 and a beta of 2.49. The firm’s 50-day moving average is C$40.21 and its 200-day moving average is C$41.14. The company has a debt-to-equity ratio of 36.02, a quick ratio of 1.55 and a current ratio of 0.49.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SKE. Canaccord Genuity Group boosted their target price on Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. BMO Capital Markets raised their price target on Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Skeena Resources currently 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.