Skeena Resources (NYSE:SKE) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Skeena Resources (NYSE:SKE) from a hold rating to a sell rating in a report issued on Saturday.

SKE has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Skeena Resources Stock Performance

Shares of SKE opened at $27.60 on Friday. Skeena Resources has a one year low of $8.53 and a one year high of $38.77. The stock’s fifty day moving average is $31.88 and its 200-day moving average is $24.32. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of -24.42 and a beta of 1.17.

Institutional Investors Weigh In On Skeena Resources

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position in Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after purchasing an additional 455 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Skeena Resources by 6.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock valued at $410,000 after buying an additional 1,019 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Skeena Resources during the fourth quarter valued at $43,000. Geode Capital Management LLC lifted its stake in Skeena Resources by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after acquiring an additional 1,881 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Skeena Resources in the 4th quarter worth about $45,000. 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.