Skeena Resources Limited (TSE:SKE) Senior Officer Justin Reed Himmelright Sells 7,500 Shares of Stock

Skeena Resources Limited (TSE:SKE) Senior Officer Justin Reed Himmelright sold 7,500 shares of Skeena Resources stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$10.99, for a total value of C$82,395.00.

Justin Reed Himmelright also recently made the following trade(s):

• On Friday, July 19th, Justin Reed Himmelright sold 8,000 shares of Skeena Resources stock. The shares were sold at an average price of C$8.52, for a total value of C$68,136.00.

Skeena Resources Price Performance

Shares of TSE SKE traded up C$1.07 during trading hours on Thursday, hitting C$11.79. 295,694 shares of the stock were exchanged, compared to its average volume of 328,041. The company’s fifty day simple moving average is C$9.53 and its two-hundred day simple moving average is C$7.41. The company has a market cap of C$1.26 billion, a PE ratio of -7.71 and a beta of 1.65. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88. Skeena Resources Limited has a 1-year low of C$4.20 and a 1-year high of C$11.84.

Skeena Resources (TSE:SKE) last issued its earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.30). On average, sell-side analysts predict that Skeena Resources Limited will post -0.4862973 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SKE shares. Royal Bank of Canada lifted their price objective on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets raised their target price on Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Desjardins boosted their price objective on shares of Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Canaccord Genuity Group raised their target price on shares of Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Finally, Scotiabank lifted their price objective on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Skeena Resources has a consensus rating of “Buy” and an average price target of C$16.96.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.