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

by · The Markets Daily

Shares of Skeena Resources Limited (NYSE:SKE – Get Free Report) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One research 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 research firms have recently issued reports on SKE. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Skeena Resources in a research report on Friday, October 10th. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Skeena Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of Skeena Resources in a report on Thursday, October 23rd.

View Our Latest Research Report on Skeena Resources

Skeena Resources Trading Down 3.4%

Shares of NYSE:SKE opened at $23.76 on Wednesday. Skeena Resources has a 52 week low of $8.53 and a 52 week high of $26.05. The company’s 50 day moving average is $19.03 and its two-hundred day moving average is $17.11. The company has a market cap of $2.88 billion, a PE ratio of -32.55 and a beta of 1.23.

Skeena Resources (NYSE:SKE – Get Free Report) last issued its earnings results on Thursday, November 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). As a group, equities research analysts expect that Skeena Resources will post -0.98 EPS for the current year.

Institutional Trading of Skeena Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Helikon Investments Ltd lifted its holdings in shares of Skeena Resources by 20.3% in the 3rd quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after purchasing an additional 2,841,708 shares during the last quarter. Van ECK Associates Corp increased its position in Skeena Resources by 16.5% during the third quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock worth $87,404,000 after buying an additional 670,200 shares during the period. Amundi lifted its stake in Skeena Resources by 10.2% in the third quarter. Amundi now owns 2,488,622 shares of the company’s stock valued at $45,144,000 after buying an additional 230,098 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Skeena Resources by 1.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,539,488 shares of the company’s stock valued at $24,503,000 after buying an additional 15,450 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Skeena Resources by 16.3% in the third quarter. TD Asset Management Inc now owns 1,484,909 shares of the company’s stock valued at $27,352,000 after acquiring an additional 208,095 shares during the period. Institutional investors and hedge funds own 45.15% of the company’s stock.

Skeena Resources Company Profile

(Get Free Report)

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.

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