Skeena Resources (TSE:SKE) Director Sells C$307,203.00 in Stock

Key Points

• Craig Andrew Parry, a director at Skeena Resources, sold 15,000 shares for C$307,203, which marked a 6.23% decrease in his shareholding.
• Skeena Resources has recently received positive ratings from research analysts, with price targets being upgraded to as high as C$26.00 by multiple firms, indicating strong market confidence.
• The company's stock currently trades at C$24.27, with a market capitalization of C$2.79 billion, showing a significant range in the last 12 months from a low of C$10.34 to a high of C$24.85.

Skeena Resources Limited (TSE:SKE - Get Free Report) Director Craig Andrew Parry sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of C$20.48, for a total value of C$307,203.00. Following the transaction, the director owned 225,926 shares in the company, valued at C$4,627,009.67. The trade was a 6.23% decrease in their position.

Skeena Resources Stock Performance

TSE SKE opened at C$24.27 on Friday. The stock has a market capitalization of C$2.79 billion, a price-to-earnings ratio of -16.18 and a beta of 1.67. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. The business's 50 day moving average is C$21.94 and its two-hundred day moving average is C$18.57. Skeena Resources Limited has a 12-month low of C$10.34 and a 12-month high of C$24.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SKE shares. Royal Bank Of Canada upped their price target on Skeena Resources from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. TD Securities upgraded Skeena Resources to a "strong-buy" rating in a report on Tuesday, August 12th. Raymond James Financial upped their price target on Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. Finally, CIBC upped their price target on Skeena Resources from C$19.00 to C$26.00 in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, Skeena Resources has an average rating of "Strong Buy" and a consensus price target of C$23.00.

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 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.

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