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

Skeena Resources Limited (NYSE:SKE) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. One 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.

Several equities analysts have commented on SKE shares. Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th.

Hedge Funds Weigh In On Skeena Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd boosted its position in Skeena Resources by 20.3% in the 3rd quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after buying an additional 2,841,708 shares during the period. Van ECK Associates Corp raised its holdings in shares of Skeena Resources by 2.5% in the 4th quarter. Van ECK Associates Corp now owns 4,862,516 shares of the company’s stock valued at $115,427,000 after purchasing an additional 120,909 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Skeena Resources by 108.3% in the 4th quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock valued at $62,353,000 after purchasing an additional 1,364,835 shares in the last quarter. Amundi raised its holdings in shares of Skeena Resources by 1.9% in the 4th quarter. Amundi now owns 2,536,138 shares of the company’s stock valued at $60,183,000 after purchasing an additional 47,516 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Skeena Resources by 7.6% in the 4th quarter. Franklin Resources Inc. now owns 2,396,970 shares of the company’s stock valued at $56,933,000 after purchasing an additional 168,932 shares in the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Down 3.0%

Shares of SKE stock opened at $26.02 on Wednesday. Skeena Resources has a 52 week low of $13.81 and a 52 week high of $38.77. The stock has a market capitalization of $3.17 billion, a PE ratio of -17.23 and a beta of 1.11. The firm has a 50 day moving average of $30.68 and a two-hundred day moving average of $28.93.

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.