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

Shares of Skeena Resources Limited (NYSE:SKE) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

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

Skeena Resources Trading Down 3.0%

Shares of SKE opened at $26.02 on Wednesday. Skeena Resources has a twelve month low of $13.81 and a twelve month high of $38.77. The firm’s fifty day simple moving average is $30.68 and its 200-day simple moving average is $28.93. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -17.23 and a beta of 1.11.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds and other institutional investors have recently bought and sold shares of SKE. Rockefeller Capital Management L.P. raised its stake in 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 acquiring an additional 455 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Skeena Resources during the 4th quarter worth $43,000. PNC Financial Services Group Inc. raised its stake in Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after acquiring an additional 1,940 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Skeena Resources during the 4th quarter worth $45,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Skeena Resources in the first quarter valued at $89,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

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.