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

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

Several equities research analysts have issued reports on SKE shares. Wall Street Zen lowered shares of Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a report on Monday, January 26th.

Institutional Investors Weigh In On Skeena Resources

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Skeena Resources by 4.5% in the 1st quarter. Royal Bank of Canada now owns 1,291,911 shares of the company’s stock worth $38,395,000 after purchasing an additional 55,463 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Skeena Resources by 215.4% in the 1st quarter. Empowered Funds LLC now owns 32,860 shares of the company’s stock worth $977,000 after purchasing an additional 22,443 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Skeena Resources in the 1st quarter worth about $964,000. K.J. Harrison & Partners Inc bought a new stake in shares of Skeena Resources in the 1st quarter worth about $594,000. Finally, Leonteq Securities AG bought a new stake in shares of Skeena Resources in the 1st quarter worth about $219,000. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

Shares of Skeena Resources stock opened at $29.64 on Friday. The firm has a market capitalization of $3.61 billion, a PE ratio of -19.63 and a beta of 1.13. The company’s fifty day moving average price is $30.99 and its two-hundred day moving average price is $27.60. Skeena Resources has a 52-week low of $11.40 and a 52-week high of $38.77.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings results on Thursday, May 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.09). Analysts predict that Skeena Resources will post -0.47 earnings per share for the current fiscal 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.