Skeena Resources (NYSE:SKE) Issues Earnings Results

Skeena Resources (NYSE:SKE) issued its quarterly earnings results on Tuesday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports.

Skeena Resources Stock Up 0.1%

Skeena Resources stock traded up $0.02 on Wednesday, hitting $27.53. The company’s stock had a trading volume of 67,866 shares, compared to its average volume of 1,045,391. Skeena Resources has a one year low of $8.53 and a one year high of $38.77. The firm has a market cap of $3.34 billion, a P/E ratio of -37.97 and a beta of 1.17. The company has a fifty day moving average price of $31.86 and a 200-day moving average price of $24.17.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SKE shares. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Wall Street Zen upgraded shares of Skeena Resources from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Institutional Trading of Skeena Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKE. Vanguard Group Inc. lifted its position in shares of Skeena Resources by 1,834.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,260,442 shares of the company’s stock worth $23,212,000 after buying an additional 1,195,270 shares during the period. Millennium Management LLC boosted its stake in shares of Skeena Resources by 44.6% in the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company’s stock valued at $52,309,000 after purchasing an additional 679,709 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Skeena Resources by 157.1% in the 3rd quarter. Bank of Montreal Can now owns 676,650 shares of the company’s stock worth $12,459,000 after purchasing an additional 413,444 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Skeena Resources by 849.9% in the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after purchasing an additional 359,438 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Skeena Resources during the 2nd quarter worth about $4,753,000. Institutional investors 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.