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

Skeena Resources Limited (NYSE:SKE) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Skeena Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of Skeena Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a report on Friday, July 17th.

Skeena Resources Price Performance

Skeena Resources stock opened at $33.16 on Monday. The company has a market cap of $4.13 billion, a P/E ratio of -22.11 and a beta of 1.14. Skeena Resources has a one year low of $15.43 and a one year high of $38.77. The business has a fifty day moving average of $29.20 and a two-hundred day moving average of $30.45. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). As a group, analysts predict that Skeena Resources will post -1.22 earnings per share for the current fiscal year.

Institutional Trading of Skeena Resources

Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its stake in shares of 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 during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Skeena Resources during the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. increased its holdings in Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after acquiring an additional 1,940 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Skeena Resources during the fourth quarter worth about $45,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Skeena Resources during the first quarter worth about $89,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

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.