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

Shares of Skeena Resources Limited (NYSE:SKE) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One 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.

A number of research firms recently issued reports on SKE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th. Wall Street Zen lowered shares of Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th.

Skeena Resources Trading Down 0.3%

SKE stock opened at $28.61 on Friday. The firm has a 50-day moving average price of $29.16 and a 200-day moving average price of $29.69. Skeena Resources has a 12 month low of $13.81 and a 12 month high of $38.77. The stock has a market capitalization of $3.56 billion, a P/E ratio of -18.95 and a beta of 1.14.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds have recently modified their holdings of SKE. Royal Bank of Canada grew its position in Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after acquiring an additional 359,438 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Skeena Resources during the first quarter valued at about $89,000. Goldman Sachs Group Inc. boosted its stake in shares of Skeena Resources by 174.0% during the first quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock valued at $3,172,000 after purchasing an additional 199,654 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Skeena Resources by 4.3% during the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after purchasing an additional 1,881 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Skeena Resources by 5.2% during the second quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock worth $1,294,000 after purchasing an additional 4,037 shares during the last quarter. 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.