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

Skeena Resources Limited (NYSE:SKE) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One investment 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.

SKE has been the subject of several recent analyst reports. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st.

Skeena Resources Trading Down 3.2%

Shares of NYSE:SKE opened at $26.44 on Friday. The firm has a 50 day moving average of $31.86 and a 200-day moving average of $24.20. Skeena Resources has a 12 month low of $8.53 and a 12 month high of $38.77. The stock has a market capitalization of $3.21 billion, a PE ratio of -23.40 and a beta of 1.17.

Hedge Funds Weigh In On Skeena Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its stake in shares of Skeena Resources by 41.4% during 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Skeena Resources during the fourth quarter worth $43,000. PNC Financial Services Group Inc. grew its stake in shares of 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. Russell Investments Group Ltd. bought a new stake in shares of Skeena Resources in the fourth quarter worth $45,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Skeena Resources in the first quarter valued at $89,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

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.