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

Skeena Resources Limited (NYSE:SKE) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company.

A number of brokerages recently commented on SKE. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Wall Street Zen downgraded Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th.

Hedge Funds Weigh In On Skeena Resources

A number of institutional investors have recently added to or reduced their stakes in SKE. Royal Bank of Canada lifted its position in Skeena Resources by 849.9% during the first quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after buying an additional 359,438 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Skeena Resources in the first quarter valued at $89,000. Goldman Sachs Group Inc. raised its position in Skeena Resources by 174.0% in the first quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock valued at $3,172,000 after purchasing an additional 199,654 shares during the period. Geode Capital Management LLC raised its position in Skeena Resources by 4.3% in the second 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, Legal & General Group Plc raised its position in Skeena Resources by 5.2% in the second quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock valued at $1,294,000 after purchasing an additional 4,037 shares during the period. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

NYSE SKE opened at $31.06 on Friday. The company has a market cap of $3.78 billion, a PE ratio of -27.49 and a beta of 1.13. The stock’s 50 day simple moving average is $31.06 and its 200-day simple moving average is $27.42. Skeena Resources has a 1-year low of $11.00 and a 1-year high of $38.77.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Thursday, May 21st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.09). On average, equities research analysts anticipate that Skeena Resources will post -0.47 EPS for the current fiscal year.

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.