Skeena Resources Limited (TSE:SKE) Senior Officer Randy Reichert Sells 53,100 Shares

Skeena Resources Limited (TSE:SKE) Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total value of C$334,476.90.

Skeena Resources Price Performance

SKE opened at C$6.33 on Thursday. The stock has a fifty day simple moving average of C$5.85 and a two-hundred day simple moving average of C$5.78. The company has a current ratio of 1.35, a quick ratio of 1.55 and a debt-to-equity ratio of 2.27. The company has a market cap of C$571.09 million, a price-to-earnings ratio of -5.65 and a beta of 1.67. Skeena Resources Limited has a 12-month low of C$4.20 and a 12-month high of C$10.38.

Skeena Resources (TSE:SKE) last issued its quarterly earnings results on Monday, April 1st. The company reported C($0.37) earnings per share for the quarter. Research analysts predict that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Raymond James increased their price objective on Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday. Desjardins upped their target price on Skeena Resources from C$18.25 to C$19.75 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Canaccord Genuity Group upped their target price on Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$16.39.

About Skeena Resources

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.