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

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

Several research firms have recently weighed in on SKE. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds have recently modified their holdings of the business. Grand Central Investment Group boosted its position in shares of Skeena Resources by 2.9% in the first quarter. Grand Central Investment Group now owns 12,958 shares of the company’s stock valued at $385,000 after acquiring an additional 364 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Skeena Resources by 41.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after acquiring an additional 455 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Skeena Resources by 5.1% in the first quarter. Pictet Asset Management Holding SA now owns 16,047 shares of the company’s stock valued at $476,000 after acquiring an additional 776 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Skeena Resources by 6.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock valued at $410,000 after acquiring an additional 1,019 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Skeena Resources in the fourth quarter valued at approximately $43,000. 45.15% of the stock is owned by institutional investors.

Skeena Resources Stock Up 7.7%

Shares of Skeena Resources stock opened at $28.07 on Wednesday. The stock has a market capitalization of $3.42 billion, a P/E ratio of -18.59 and a beta of 1.11. The stock has a 50 day moving average price of $30.50 and a two-hundred day moving average price of $29.03. Skeena Resources has a 12-month low of $13.81 and a 12-month high of $38.77.

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.