Skeena Resources (TSE:SKE) Insider Kyle Christopher Foster Sells 15,029 Shares

Key Points

• Kyle Christopher Foster sold 56,649 shares of Skeena between April 17 and May 5 (including 15,029 on May 4), cutting his holding by 53.08% to 13,287 shares and generating roughly C$2.47 million in proceeds.
• Skeena shares rose 6.5% to C$42.60 midday (≈149,931 shares traded vs. a 435,422 average), while the company remains unprofitable (latest quarter EPS C($0.61); FY forecast ≈C($0.49)).
• Analysts have been raising price targets (CIBC C$58, Canaccord C$52, TD C$49, BMO C$50, Scotiabank C$44), leaving a consensus rating of "Buy" and a consensus target of C$47.43.

Skeena Resources Limited (TSE:SKE - Get Free Report) insider Kyle Christopher Foster sold 15,029 shares of the company's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of C$40.08, for a total transaction of C$602,362.32. Following the completion of the sale, the insider directly owned 13,287 shares of the company's stock, valued at C$532,542.96. The trade was a 53.08% decrease in their position.

Kyle Christopher Foster also recently made the following trade(s):

• On Tuesday, May 5th, Kyle Christopher Foster sold 13,287 shares of Skeena Resources stock. The shares were sold at an average price of C$40.00, for a total transaction of C$531,480.00.
• On Friday, April 17th, Kyle Christopher Foster sold 23,333 shares of Skeena Resources stock. The shares were sold at an average price of C$47.12, for a total transaction of C$1,099,450.96.
• On Friday, April 17th, Kyle Christopher Foster sold 5,000 shares of Skeena Resources stock. The shares were sold at an average price of C$46.77, for a total transaction of C$233,850.00.

Skeena Resources Stock Up 6.5%

TSE:SKE traded up C$2.59 during midday trading on Wednesday, reaching C$42.60. 149,931 shares of the stock traded hands, compared to its average volume of 435,422. The stock has a market capitalization of C$5.19 billion, a PE ratio of -26.79 and a beta of 2.62. Skeena Resources Limited has a 12-month low of C$15.26 and a 12-month high of C$53.00. The business has a 50-day moving average of C$43.53 and a two-hundred day moving average of C$36.74. The company has a debt-to-equity ratio of 39.64, a quick ratio of 1.55 and a current ratio of 1.82.

Skeena Resources (TSE:SKE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. On average, equities analysts forecast that Skeena Resources Limited will post -0.4862973 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SKE shares. Canaccord Genuity Group lifted their target price on shares of Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. Canadian Imperial Bank of Commerce boosted their price target on shares of Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. TD Securities increased their price objective on shares of Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Scotiabank increased their price objective on shares of Skeena Resources from C$25.00 to C$44.00 in a research note on Monday, January 26th. Finally, BMO Capital Markets raised their price target on shares of Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$47.43.

Skeena Resources Company Profile

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.

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