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

Skeena Resources Limited (NYSE:SKE) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of Skeena Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a report on Friday, July 17th.

Institutional Investors Weigh In On Skeena Resources

A number of institutional investors have recently added to or reduced their stakes in SKE. Rockefeller Capital Management L.P. increased its position in shares of Skeena Resources by 41.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after acquiring an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Skeena Resources during the 4th quarter valued at $43,000. PNC Financial Services Group Inc. raised its stake in shares of Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after purchasing an additional 1,940 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Skeena Resources during the fourth quarter valued at about $45,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Skeena Resources during the 1st quarter worth approximately $89,000. 45.15% of the stock is owned by institutional investors.

Skeena Resources Trading Up 2.1%

NYSE:SKE opened at $27.14 on Thursday. Skeena Resources has a 12 month low of $14.53 and a 12 month high of $38.77. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of -17.97 and a beta of 1.14. The firm has a fifty day simple moving average of $27.51 and a two-hundred day simple moving average of $30.05.

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.