Insider Buying: Skeena Resources (TSE:SKE) Director Acquires C$68,106.08 in Stock

Skeena Resources Limited (TSE:SKEGet Free Report) Director Jr. Walter Coles purchased 1,666 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of C$40.88 per share, with a total value of C$68,106.08. Following the purchase, the director owned 2,287,739 shares in the company, valued at C$93,522,770.32. This trade represents a 0.07% increase in their ownership of the stock.

Jr. Walter Coles also recently made the following trade(s):

  • On Tuesday, May 12th, Jr. Walter Coles purchased 1,531 shares of Skeena Resources stock. The shares were acquired at an average price of C$44.73 per share, with a total value of C$68,481.63.

Skeena Resources Stock Up 1.9%

Shares of TSE:SKE opened at C$40.34 on Thursday. The stock has a market cap of C$5.01 billion, a P/E ratio of -19.30 and a beta of 2.62. The firm has a fifty day moving average price of C$42.36 and a 200 day moving average price of C$38.23. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55. Skeena Resources Limited has a 1-year low of C$16.39 and a 1-year high of C$53.00.

Skeena Resources (TSE:SKEGet Free Report) 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 predict that Skeena Resources Limited will post -0.4862973 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce raised their target price on shares of Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. BMO Capital Markets raised their target price on shares of Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. TD Securities raised their target price on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Scotiabank raised their target price on shares of Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. Finally, Canaccord Genuity Group raised their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$47.43.

Read Our Latest Stock Analysis on SKE

Skeena Resources Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Skeena Resources (TSE:SKE)

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