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

Shares of Skeena Resources Limited (NYSE:SKE) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company.

Several research analysts have recently weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st.

Skeena Resources Trading Up 8.7%

NYSE SKE opened at $29.75 on Friday. The firm has a market capitalization of $3.61 billion, a P/E ratio of -26.33 and a beta of 1.17. The firm’s fifty day moving average price is $31.90 and its two-hundred day moving average price is $24.52. Skeena Resources has a 1 year low of $8.53 and a 1 year high of $38.77.

Institutional Investors Weigh In On Skeena Resources

Large investors have recently added to or reduced their stakes in the business. Purpose Unlimited Inc. acquired a new stake in Skeena Resources during the 4th quarter valued at $2,118,000. Rockefeller Capital Management L.P. increased its holdings in shares of Skeena Resources by 41.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after purchasing an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Skeena Resources in the fourth quarter valued at about $161,000. Astoria Portfolio Advisors LLC. bought a new position in shares of Skeena Resources in the fourth quarter valued at about $215,000. Finally, Virtu Financial LLC acquired a new stake in shares of Skeena Resources during the 4th quarter worth about $328,000. Institutional investors own 45.15% of the company’s stock.

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.