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

Shares of Skeena Resources Limited (NYSE:SKE) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

SKE has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Skeena Resources by 215.4% during the first quarter. Empowered Funds LLC now owns 32,860 shares of the company’s stock valued at $977,000 after purchasing an additional 22,443 shares in the last quarter. DV Trading LLC increased its stake in shares of Skeena Resources by 177.8% in the 1st quarter. DV Trading LLC now owns 25,000 shares of the company’s stock valued at $743,000 after purchasing an additional 16,000 shares during the last quarter. Groupe la Francaise increased its stake in shares of Skeena Resources by 38.5% in the 1st quarter. Groupe la Francaise now owns 450,000 shares of the company’s stock valued at $13,358,000 after purchasing an additional 125,000 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Skeena Resources by 45.4% during the 1st quarter. Bank of America Corp DE now owns 398,139 shares of the company’s stock worth $11,833,000 after buying an additional 124,257 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Skeena Resources by 4.5% during the 1st quarter. Royal Bank of Canada now owns 1,291,911 shares of the company’s stock worth $38,395,000 after buying an additional 55,463 shares in the last quarter. 45.15% of the stock is owned by institutional investors.

Skeena Resources Trading Down 0.3%

Shares of SKE stock opened at $28.61 on Friday. The stock has a market cap of $3.56 billion, a P/E ratio of -18.95 and a beta of 1.14. Skeena Resources has a 1 year low of $13.81 and a 1 year high of $38.77. The stock has a 50 day simple moving average of $29.16 and a 200 day simple moving average of $29.69.

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.