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

Skeena Resources Limited (TSE:SKE) insider Andrew Macritchie sold 37,600 shares of Skeena Resources stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$40.10, for a total transaction of C$1,507,760.00. Following the sale, the insider owned 776,503 shares of the company’s stock, valued at approximately C$31,137,770.30. The trade was a 4.62% 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 transaction of C$806,400.00.

Skeena Resources Stock Performance

TSE SKE 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 company has a fifty day moving average of C$40.21 and a 200-day moving average of C$41.14. The company has a market capitalization of C$4.82 billion, a P/E ratio of -18.59 and a beta of 2.49. 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 released its earnings results on Friday, May 15th. The company reported C($0.86) EPS for the quarter. As a group, equities research analysts predict that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKE has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Canaccord Genuity Group upped their target price 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 data from MarketBeat, the company currently has an average rating of “Buy” and an average 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.