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

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

A number of research firms have recently weighed in on SKE. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th.

Hedge Funds Weigh In On Skeena Resources

Several large investors have recently added to or reduced their stakes in SKE. Rockefeller Capital Management L.P. grew its stake in Skeena Resources by 41.4% during the fourth 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. Caitong International Asset Management Co. Ltd purchased a new position in shares of Skeena Resources in the 4th quarter valued at $43,000. PNC Financial Services Group Inc. lifted its holdings in shares of Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after acquiring an additional 1,940 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Skeena Resources during the 4th quarter valued at $45,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Skeena Resources during the 1st quarter worth $89,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Trading Down 0.1%

SKE stock opened at $27.60 on Friday. The business has a 50 day simple moving average of $31.88 and a 200-day simple moving average of $24.37. Skeena Resources has a twelve month low of $8.53 and a twelve month high of $38.77. The company has a market capitalization of $3.35 billion, a P/E ratio of -24.42 and a beta of 1.16.

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.