Skeena Resources Limited (TSE:SKE - Get Free Report) insider Andrew Macritchie sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of C$39.86, for a total transaction of C$1,993,000.00. Following the sale, the insider directly owned 726,503 shares of the company's stock, valued at approximately C$28,958,409.58. This represents a 6.44% 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.
• On Monday, July 6th, Andrew Macritchie sold 37,600 shares of Skeena Resources stock. The stock was sold at an average price of C$40.10, for a total transaction of C$1,507,760.00.

Skeena Resources Stock Performance

Shares of SKE stock traded down C$0.48 during mid-day trading on Monday, reaching C$37.74. 114,973 shares of the company's stock traded hands, compared to its average volume of 423,203. The company has a debt-to-equity ratio of 36.02, a quick ratio of 1.55 and a current ratio of 0.49. The firm has a market capitalization of C$4.68 billion, a PE ratio of -18.06 and a beta of 2.49. Skeena Resources Limited has a 12 month low of C$19.14 and a 12 month high of C$53.00. The firm has a 50 day moving average price of C$38.98 and a two-hundred day moving average price of C$41.47.

Skeena Resources (TSE:SKE - Get Free Report) last released its earnings results on Friday, May 15th. The company reported C($0.86) earnings per share for the quarter. On average, research analysts forecast that Skeena Resources Limited will post -0.4862973 EPS for the current year.

Wall Street Analysts Forecast Growth

SKE has been the subject of several analyst reports. Canaccord Genuity Group increased their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. BMO Capital Markets lifted their price target on shares of Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$47.43.

View Our Latest Report on Skeena Resources

About Skeena Resources

(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

• Five stocks we like better than Skeena Resources
• AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
• Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
• Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
• Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Skeena Resources Right Now?

Before you consider Skeena Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skeena Resources wasn't on the list.

While Skeena Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here