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

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

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

Institutional Investors Weigh In On Skeena Resources

Several hedge funds have recently bought and sold shares of SKE. PNC Financial Services Group Inc. grew its stake in shares of Skeena Resources by 431.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after buying an additional 1,940 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Skeena Resources during the 1st quarter valued at approximately $89,000. Advisory Services Network LLC acquired a new position in Skeena Resources in the third quarter valued at approximately $99,000. Cutler Capital Management LLC purchased a new position in Skeena Resources in the second quarter worth approximately $167,000. Finally, Jain Global LLC purchased a new position in Skeena Resources in the third quarter worth approximately $189,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Up 3.2%

Shares of NYSE:SKE opened at $25.62 on Friday. Skeena Resources has a 52-week low of $8.53 and a 52-week high of $26.05. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -35.09 and a beta of 1.22. The business has a 50-day moving average price of $21.39 and a 200-day moving average price of $18.32.

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

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.