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

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

A number of research analysts have recently weighed in on SKE shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Finally, Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th.

Skeena Resources Price Performance

Shares of NYSE:SKE opened at $31.72 on Tuesday. The company has a 50 day moving average of $32.11 and a 200-day moving average of $26.09. Skeena Resources has a one year low of $10.92 and a one year high of $38.77. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of -28.07 and a beta of 1.27.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Grand Central Investment Group boosted its position in shares of Skeena Resources by 2.9% during the first quarter. Grand Central Investment Group now owns 12,958 shares of the company’s stock worth $385,000 after buying an additional 364 shares during the period. Rockefeller Capital Management L.P. raised its position in Skeena Resources by 41.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after buying an additional 455 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Skeena Resources by 5.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 16,047 shares of the company’s stock valued at $476,000 after buying an additional 776 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Skeena Resources by 6.3% in 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Skeena Resources during the 4th quarter worth approximately $43,000. Institutional investors 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.