Skeena Resources (NYSE:SKE) Trading 4.1% Higher – Still a Buy?

Skeena Resources Limited (NYSE:SKE)’s stock price was up 4.1% on Thursday . The stock traded as high as $9.64 and last traded at $9.64. Approximately 94,134 shares traded hands during trading, a decline of 74% from the average daily volume of 363,018 shares. The stock had previously closed at $9.26.

Analyst Ratings Changes

Separately, Raymond James reissued a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, April 4th.

Skeena Resources Stock Performance

The firm has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $9.54. The firm has a market capitalization of $1.29 billion, a P/E ratio of -8.28 and a beta of 1.22.

Hedge Funds Weigh In On Skeena Resources

Institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in Skeena Resources during the fourth quarter valued at about $31,000. FNY Investment Advisers LLC grew its holdings in shares of Skeena Resources by 2,252.9% during the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock valued at $34,000 after buying an additional 3,830 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Skeena Resources by 2,067.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock valued at $51,000 after buying an additional 5,541 shares during the period. Aquatic Capital Management LLC purchased a new position in Skeena Resources in the fourth quarter valued at about $89,000. Finally, Howland Capital Management LLC acquired a new position in Skeena Resources in the fourth quarter worth approximately $96,000. Hedge funds and other 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.