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

Skeena Resources Limited (TSE:SKE) Senior Officer Justin Reed Himmelright sold 7,500 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction 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 Stock Performance

SKE opened at C$11.95 on Friday. The firm has a market cap of C$1.27 billion, a P/E ratio of -7.81 and a beta of 1.65. The business’s fifty day moving average is C$9.61 and its 200-day moving average is C$7.44. Skeena Resources Limited has a 52-week low of C$4.20 and a 52-week high of C$12.08. 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 (TSE:SKE) last issued its quarterly 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). Sell-side analysts expect that Skeena Resources Limited will post -0.4862973 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SKE has been the topic of a number of analyst reports. Scotiabank upped their price objective on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Royal Bank of Canada lifted their price objective on shares of Skeena Resources from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group boosted their price objective on shares of Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. BMO Capital Markets raised their target price on shares of 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. Finally, Desjardins boosted their price target on 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. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Skeena Resources has an average rating of “Buy” and an average target price 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.