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

Shares of Skeena Resources Limited (NYSE:SKE) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

A number of research firms recently issued reports on SKE. Raymond James Financial reiterated a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, October 10th. Desjardins raised Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Finally, CIBC reaffirmed an “outperform” rating on shares of Skeena Resources in a report on Wednesday.

Institutional Trading of Skeena Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in Skeena Resources by 431.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after purchasing an additional 1,940 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Skeena Resources during the 1st quarter worth approximately $89,000. Advisory Services Network LLC bought a new position in shares of Skeena Resources in the 3rd quarter worth approximately $99,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Skeena Resources in the 4th quarter worth approximately $119,000. Finally, Cutler Capital Management LLC bought a new stake in shares of Skeena Resources during the second quarter valued at approximately $167,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Up 1.0%

NYSE SKE opened at $31.28 on Thursday. The firm has a market cap of $3.79 billion, a P/E ratio of -42.85 and a beta of 1.22. The company’s 50 day moving average is $25.75 and its 200-day moving average is $20.06. Skeena Resources has a 12-month low of $8.53 and a 12-month high of $35.69.

Skeena Resources (NYSE:SKE) last issued its earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Equities analysts expect that Skeena Resources will post -0.98 EPS for the current year.

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.