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

Shares of Skeena Resources Limited (NYSE:SKE) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company.

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Skeena Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Grand Central Investment Group increased its position in shares of Skeena Resources by 2.9% during the 1st quarter. Grand Central Investment Group now owns 12,958 shares of the company’s stock valued at $385,000 after purchasing an additional 364 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after purchasing an additional 455 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Skeena Resources by 5.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 16,047 shares of the company’s stock worth $476,000 after buying an additional 776 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Skeena Resources by 6.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock worth $410,000 after buying an additional 1,019 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Skeena Resources during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

SKE opened at $27.43 on Friday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of -18.17 and a beta of 1.14. The firm’s fifty day moving average price is $28.85 and its two-hundred day moving average price is $29.82. Skeena Resources has a 1 year low of $13.81 and a 1 year high of $38.77.

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.