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

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

SKE has been the subject of a number of research analyst reports. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a report on Thursday, October 23rd. Raymond James Financial restated a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded Skeena Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th.

Hedge Funds Weigh In On Skeena Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Skeena Resources by 4.3% during the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after buying an additional 1,881 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after acquiring an additional 1,940 shares during the period. Swiss National Bank increased its stake in shares of Skeena Resources by 2.2% in the 3rd quarter. Swiss National Bank now owns 145,900 shares of the company’s stock worth $2,688,000 after purchasing an additional 3,200 shares in the last quarter. Quantbot Technologies LP raised its holdings in Skeena Resources by 40.5% in the 2nd quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock worth $208,000 after purchasing an additional 3,767 shares during the period. Finally, Legal & General Group Plc raised its holdings in Skeena Resources by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock worth $1,294,000 after purchasing an additional 4,037 shares during the period. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

SKE stock opened at $26.30 on Friday. The stock has a market capitalization of $3.18 billion, a P/E ratio of -36.03 and a beta of 1.22. Skeena Resources has a 1-year low of $8.53 and a 1-year high of $27.23. The business has a fifty day moving average price of $21.81 and a 200-day moving average price of $18.50.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). As a group, analysts anticipate that Skeena Resources will post -0.98 earnings per share for the current year.

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.