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

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

SKE has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Friday, July 17th. Wall Street Zen upgraded Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Zacks Research raised Skeena Resources from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st.

Skeena Resources Price Performance

NYSE:SKE opened at $33.16 on Monday. Skeena Resources has a 52 week low of $15.43 and a 52 week high of $38.77. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15. The firm’s 50-day simple moving average is $29.20 and its 200 day simple moving average is $30.42. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of -22.11 and a beta of 1.14.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). As a group, sell-side analysts predict that Skeena Resources will post -1.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Groupe la Francaise raised its stake in Skeena Resources by 1.1% in the second quarter. Groupe la Francaise now owns 455,000 shares of the company’s stock valued at $12,132,000 after purchasing an additional 5,000 shares in the last quarter. Bornite Capital Management LP grew its stake in Skeena Resources by 23.4% during the second quarter. Bornite Capital Management LP now owns 1,620,600 shares of the company’s stock worth $43,152,000 after buying an additional 307,600 shares in the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in Skeena Resources during the second quarter worth about $1,496,000. Moore Capital Management LP acquired a new stake in Skeena Resources during the second quarter worth about $399,000. Finally, Van ECK Associates Corp increased its holdings in Skeena Resources by 99.7% in the 2nd quarter. Van ECK Associates Corp now owns 9,017,001 shares of the company’s stock valued at $240,403,000 after buying an additional 4,501,723 shares during the period. Institutional investors own 45.15% of the company’s stock.

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.