Skeena Resources Limited (SKE) – What Are Analysts Thinking About This Stock?

Shares of Skeena Resources Limited (NYSE:SKE) have earned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company.

A number of research firms have recently issued reports on SKE. Royal Bank Of Canada upgraded Skeena Resources to a “moderate buy” rating in a report on Tuesday, September 15th. Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Thursday. Finally, Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st.

Skeena Resources Trading Down 1.5%

NYSE:SKE opened at $31.45 on Tuesday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 5.66. Skeena Resources has a 1-year low of $15.43 and a 1-year high of $38.77. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -20.97 and a beta of 1.18. The stock has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $30.22.

Skeena Resources (NYSE:SKE) last released its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10). Sell-side analysts forecast that Skeena Resources will post -1.27 earnings per share for the current year.

Institutional Trading of Skeena Resources

Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in shares of Skeena Resources by 2,443.3% in the third quarter. Farther Finance Advisors LLC now owns 1,526 shares of the company’s stock worth $45,000 after acquiring an additional 1,466 shares during the last quarter. Tidal Investments LLC increased its position in Skeena Resources by 67.1% in the 2nd quarter. Tidal Investments LLC now owns 105,707 shares of the company’s stock worth $2,818,000 after purchasing an additional 42,436 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Skeena Resources during the 2nd quarter worth about $271,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Skeena Resources during the 2nd quarter worth about $37,000. Finally, Groupe la Francaise raised its stake in shares of Skeena Resources by 1.1% during the 2nd quarter. Groupe la Francaise now owns 455,000 shares of the company’s stock worth $12,132,000 after purchasing an additional 5,000 shares in the last quarter. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Company Profile

Skeena Resources Limited is a Canadian mineral exploration and development company focused on advancing precious-metals projects in British Columbia’s Golden Triangle. The company’s primary asset is the Eskay Creek gold-silver project, a past-producing mine that Skeena is working to redevelop as a modern open-pit operation.

Skeena’s activities include exploration, resource evaluation, technical studies, permitting and project development. Eskay Creek contains gold and silver mineralization, and the company is evaluating the infrastructure and processing requirements needed to support a potential restart of the site.