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

Shares of Skeena Resources Limited (NYSE:SKE) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating on the company.

SKE has been the subject of a number of research reports. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. TD Securities began coverage on shares of Skeena Resources in a research note on Tuesday, August 12th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating on shares of Skeena Resources in a research report on Friday, October 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Thursday, October 23rd.

Skeena Resources Stock Up 0.3%

Shares of NYSE:SKE opened at $16.23 on Tuesday. Skeena Resources has a twelve month low of $7.32 and a twelve month high of $20.77. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -14.89 and a beta of 1.27. The business has a 50 day moving average price of $17.63 and a 200 day moving average price of $15.42.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $1.90 million during the quarter, compared to the consensus estimate of $1.90 million. Analysts anticipate that Skeena Resources will post -0.98 EPS for the current year.

Hedge Funds Weigh In On Skeena Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwest & Ethical Investments L.P. bought a new position in shares of Skeena Resources during the 1st quarter worth about $77,000. Cubist Systematic Strategies LLC bought a new position in Skeena Resources during the first quarter worth about $89,000. Banque Cantonale Vaudoise bought a new position in Skeena Resources during the first quarter worth about $91,000. Mesirow Financial Investment Management Inc. bought a new position in Skeena Resources during the first quarter worth about $101,000. Finally, Cutler Capital Management LLC bought a new position in Skeena Resources during the second quarter worth about $167,000. 45.15% of the stock is owned by institutional investors.

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.