Skeena Resources (NYSE:SKE) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Skeena Resources (NYSE:SKE) from a hold rating to a sell rating in a report published on Saturday.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Skeena Resources currently has a consensus rating of “Moderate Buy”.

Skeena Resources Trading Down 1.0%

Shares of NYSE:SKE opened at $27.36 on Friday. Skeena Resources has a 52 week low of $8.53 and a 52 week high of $38.77. The company’s 50 day moving average is $31.89 and its two-hundred day moving average is $24.44. The company has a market cap of $3.32 billion, a PE ratio of -24.21 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its position in shares of Skeena Resources by 41.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after buying an additional 455 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Skeena Resources by 6.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock valued at $410,000 after acquiring an additional 1,019 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Skeena Resources in the fourth quarter valued at $43,000. Geode Capital Management LLC boosted its stake in Skeena Resources by 4.3% in the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after acquiring an additional 1,881 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Skeena Resources during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

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.