Skeena Resources Limited (NYSE:SKE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Skeena Resources Limited (NYSE:SKE) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms recently weighed in on SKE. Zacks Research cut Skeena Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Friday, July 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SKE. Rockefeller Capital Management L.P. lifted its position 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 buying an additional 455 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Skeena Resources in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. raised its stake in shares of Skeena Resources by 431.1% in the third 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 during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Skeena Resources in the fourth quarter worth about $45,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Skeena Resources during the first quarter worth approximately $89,000. 45.15% of the stock is owned by institutional investors.

Skeena Resources Trading Down 3.1%

NYSE:SKE opened at $25.59 on Thursday. Skeena Resources has a 1 year low of $13.81 and a 1 year high of $38.77. The firm has a 50 day moving average of $27.60 and a 200-day moving average of $30.03. The stock has a market capitalization of $3.19 billion, a P/E ratio of -16.95 and a beta of 1.14.

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.