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

Skeena Resources Limited (NYSE:SKE) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Skeena Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Skeena Resources in a report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, October 8th. Desjardins raised Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research report on Thursday, October 23rd.

Skeena Resources Stock Performance

Shares of NYSE:SKE opened at $23.76 on Wednesday. The company has a 50-day simple moving average of $19.03 and a 200-day simple moving average of $17.11. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -32.55 and a beta of 1.23. Skeena Resources has a one year low of $8.53 and a one year high of $26.05.

Skeena Resources (NYSE:SKE) last released its earnings results on Thursday, November 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). As a group, research analysts forecast that Skeena Resources will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SKE. Advisory Services Network LLC acquired a new stake in shares of Skeena Resources during the 3rd quarter valued at approximately $99,000. National Bank of Canada FI increased its stake in Skeena Resources by 126.5% in the 3rd quarter. National Bank of Canada FI now owns 149,009 shares of the company’s stock valued at $2,742,000 after purchasing an additional 83,231 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Skeena Resources by 13.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,399 shares of the company’s stock worth $1,168,000 after purchasing an additional 7,279 shares during the last quarter. Jain Global LLC purchased a new stake in Skeena Resources during the third quarter worth $189,000. Finally, Bank of America Corp DE grew its holdings in Skeena Resources by 42.3% in the third quarter. Bank of America Corp DE now owns 474,470 shares of the company’s stock valued at $8,744,000 after purchasing an additional 140,946 shares during the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

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.