Skeena Resources (NYSE:SKE) Downgraded to Sell Rating by Wall Street Zen

Skeena Resources (NYSE:SKEGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research firms have also commented on SKE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

View Our Latest Analysis on Skeena Resources

Skeena Resources Price Performance

Shares of SKE stock opened at $27.60 on Friday. The stock has a market capitalization of $3.35 billion, a PE ratio of -24.42 and a beta of 1.17. The business’s 50 day simple moving average is $31.88 and its 200 day simple moving average is $24.27. Skeena Resources has a one year low of $8.53 and a one year high of $38.77.

Hedge Funds Weigh In On Skeena Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its position in shares of Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after buying an additional 455 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Skeena Resources by 6.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock valued at $410,000 after acquiring an additional 1,019 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Skeena Resources during the fourth quarter worth $43,000. Geode Capital Management LLC grew its holdings in Skeena Resources by 4.3% in the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after purchasing an additional 1,881 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Skeena Resources in the fourth quarter worth $45,000. 45.15% of the stock is currently owned by institutional investors.

About Skeena Resources

(Get Free Report)

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.

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Analyst Recommendations for Skeena Resources (NYSE:SKE)

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