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

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

Several equities analysts have recently weighed in on SKE shares. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th.

Hedge Funds Weigh In On Skeena Resources

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its position 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 acquiring an additional 455 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake 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 worth $410,000 after purchasing an additional 1,019 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Skeena Resources in the 4th quarter valued at about $43,000. Geode Capital Management LLC raised its holdings in shares of Skeena Resources by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $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 4th quarter valued at about $45,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Trading Down 0.2%

Shares of SKE stock opened at $30.94 on Friday. The firm’s fifty day moving average price is $31.94 and its two-hundred day moving average price is $24.61. Skeena Resources has a 1 year low of $8.53 and a 1 year high of $38.77. The firm has a market capitalization of $3.77 billion, a P/E ratio of -27.38 and a beta of 1.27.

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.