Skeena Resources (NYSE:SKE) Upgraded at Wall Street Zen

Skeena Resources (NYSE:SKE) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Other equities analysts have also issued research reports about the stock. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday. Finally, Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Skeena Resources Trading Up 0.5%

Shares of SKE opened at $31.40 on Friday. Skeena Resources has a twelve month low of $8.53 and a twelve month high of $31.94. The firm has a market capitalization of $3.80 billion, a P/E ratio of -43.01 and a beta of 1.22. The stock’s fifty day simple moving average is $23.64 and its 200 day simple moving average is $19.19.

Skeena Resources (NYSE:SKE) last announced its quarterly 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). Sell-side analysts predict that Skeena Resources will post -0.98 earnings per share for the current year.

Institutional Investors Weigh In On Skeena Resources

Several institutional investors and hedge funds have recently bought and sold shares of SKE. Helikon Investments Ltd raised its holdings in shares of Skeena Resources by 20.3% during the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after buying an additional 2,841,708 shares during the last quarter. Van ECK Associates Corp increased its position in Skeena Resources by 16.5% in the 3rd quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock valued at $87,404,000 after acquiring an additional 670,200 shares during the period. Amundi increased its position in Skeena Resources by 10.2% in the 3rd quarter. Amundi now owns 2,488,622 shares of the company’s stock valued at $45,144,000 after acquiring an additional 230,098 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Skeena Resources by 1.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,539,488 shares of the company’s stock valued at $24,503,000 after acquiring an additional 15,450 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in Skeena Resources by 16.3% during the 3rd quarter. TD Asset Management Inc now owns 1,484,909 shares of the company’s stock worth $27,352,000 after acquiring an additional 208,095 shares during the period. 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.