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

Shares of Skeena Resources Limited (NYSE:SKE) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating on the company.

Several analysts have recently weighed in on SKE shares. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Wall Street Zen upgraded Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SKE. Helikon Investments Ltd raised its stake in shares of Skeena Resources by 20.3% in the 3rd quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after acquiring an additional 2,841,708 shares during the period. Vanguard Group Inc. boosted its position in shares of Skeena Resources by 108.3% during the 4th quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock worth $62,353,000 after purchasing an additional 1,364,835 shares during the period. Amundi increased its holdings in Skeena Resources by 43.4% in the 2nd quarter. Amundi now owns 2,258,524 shares of the company’s stock valued at $35,640,000 after purchasing an additional 683,524 shares during the last quarter. Van ECK Associates Corp raised its position in Skeena Resources by 16.5% in the third quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock valued at $87,404,000 after purchasing an additional 670,200 shares during the period. Finally, Waratah Capital Advisors Ltd. lifted its stake in Skeena Resources by 114.9% during the third quarter. Waratah Capital Advisors Ltd. now owns 1,227,900 shares of the company’s stock worth $22,630,000 after purchasing an additional 656,471 shares in the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Up 7.6%

Shares of NYSE:SKE opened at $31.48 on Thursday. Skeena Resources has a 52-week low of $8.53 and a 52-week high of $35.69. The stock has a market cap of $3.82 billion, a P/E ratio of -43.12 and a beta of 1.22. The business has a fifty day moving average of $26.15 and a two-hundred day moving average of $20.25.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). On average, equities analysts anticipate that Skeena Resources will post -0.98 earnings per share for the current year.

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.