Skeena Resources Limited (NYSE:SKE) Receives Average Rating of “Moderate Buy” from Analysts

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

SKE has been the topic of several analyst reports. Wall Street Zen downgraded Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds and other institutional investors have recently bought and sold shares of SKE. DV Trading LLC increased its holdings in shares of Skeena Resources by 177.8% in the 1st quarter. DV Trading LLC now owns 25,000 shares of the company’s stock valued at $743,000 after acquiring an additional 16,000 shares during the last quarter. Groupe la Francaise increased its holdings in shares of Skeena Resources by 38.5% in the 1st quarter. Groupe la Francaise now owns 450,000 shares of the company’s stock valued at $13,358,000 after acquiring an additional 125,000 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Skeena Resources by 45.4% in the 1st quarter. Bank of America Corp DE now owns 398,139 shares of the company’s stock valued at $11,833,000 after acquiring an additional 124,257 shares during the last quarter. Royal Bank of Canada increased 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 valued at $38,395,000 after acquiring an additional 55,463 shares during the last quarter. Finally, Empowered Funds LLC increased 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 valued at $977,000 after acquiring an additional 22,443 shares during the last quarter. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Stock Down 0.2%

SKE stock opened at $28.07 on Wednesday. Skeena Resources has a 52-week low of $13.81 and a 52-week high of $38.77. The stock’s 50 day moving average is $30.50 and its two-hundred day moving average is $29.10. The company has a market capitalization of $3.42 billion, a PE ratio of -18.59 and a beta of 1.11.

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.