Skeena Resources Limited (NYSE:SKE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Skeena Resources Limited (NYSE:SKE) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

SKE has been the subject of a number of research analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, October 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. CIBC reiterated an “outperform” rating on shares of Skeena Resources in a research note on Wednesday. Desjardins raised Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds and other institutional investors have recently made changes to their positions in SKE. Geode Capital Management LLC raised its stake in Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after acquiring an additional 1,881 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Skeena Resources by 431.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after purchasing an additional 1,940 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Skeena Resources by 23.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 15,271 shares of the company’s stock worth $363,000 after purchasing an additional 2,852 shares in the last quarter. Swiss National Bank increased its stake in shares of Skeena Resources by 2.2% in the third quarter. Swiss National Bank now owns 145,900 shares of the company’s stock worth $2,688,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Skeena Resources by 40.5% during the 2nd quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock valued at $208,000 after purchasing an additional 3,767 shares during the period. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

Shares of Skeena Resources stock opened at $31.28 on Thursday. Skeena Resources has a 1 year low of $8.53 and a 1 year high of $35.69. The firm’s 50-day moving average is $25.75 and its 200 day moving average is $20.06. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -42.85 and a beta of 1.22.

Skeena Resources (NYSE:SKE) last issued its earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). On average, equities analysts expect that Skeena Resources will post -0.98 EPS for the current fiscal year.

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.