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

Shares of Skeena Resources Limited (NYSE:SKE) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research 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.

Several equities analysts recently commented on SKE shares. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds have recently added to or reduced their stakes in SKE. Caitong International Asset Management Co. Ltd acquired a new position in Skeena Resources in the 4th quarter valued at approximately $161,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of Skeena Resources in the fourth quarter worth $215,000. Virtu Financial LLC acquired a new stake in Skeena Resources in the fourth quarter valued at $328,000. Alberta Investment Management Corp acquired a new stake in Skeena Resources in the fourth quarter valued at $5,938,000. Finally, Mackenzie Financial Corp raised its position in Skeena Resources by 19.1% during the 4th quarter. Mackenzie Financial Corp now owns 253,452 shares of the company’s stock worth $6,056,000 after purchasing an additional 40,671 shares during the last quarter. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Trading Down 0.7%

SKE stock opened at $34.79 on Monday. The firm has a 50-day moving average price of $30.23 and a 200-day moving average price of $22.68. Skeena Resources has a 12 month low of $8.53 and a 12 month high of $38.77. The stock has a market capitalization of $4.22 billion, a P/E ratio of -47.66 and a beta of 1.17.

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.