Skeena Resources (NYSE:SKE) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Skeena Resources (NYSE:SKE) issued its quarterly earnings data on Thursday. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10), Zacks reports.

Skeena Resources Stock Down 1.2%

NYSE:SKE traded down $0.40 on Thursday, reaching $32.81. 433,987 shares of the company’s stock were exchanged, compared to its average volume of 861,819. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -21.73 and a beta of 1.14. Skeena Resources has a 52-week low of $14.53 and a 52-week high of $38.77. The business has a fifty day moving average of $27.79 and a 200-day moving average of $30.23.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SKE shares. Zacks Research raised Skeena Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SKE. Caitong International Asset Management Co. Ltd purchased a new stake in Skeena Resources during the 4th quarter worth about $43,000. PNC Financial Services Group Inc. grew its position in shares of Skeena Resources by 431.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after buying an additional 1,940 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Skeena Resources during the fourth quarter worth about $45,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Skeena Resources during the first quarter worth approximately $89,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Skeena Resources during the fourth quarter worth approximately $98,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

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.