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

Skeena Resources Limited (NYSE:SKE) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company.

SKE has been the topic of several recent research reports. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a report on Monday, January 26th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. Finally, Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its holdings in 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Skeena Resources in the fourth quarter valued at approximately $43,000. Russell Investments Group Ltd. acquired a new position in Skeena Resources in the fourth quarter valued at approximately $45,000. PNC Financial Services Group Inc. lifted its holdings in Skeena Resources by 431.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Skeena Resources in the fourth quarter valued at approximately $98,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Price Performance

Shares of Skeena Resources stock opened at $29.37 on Friday. The stock has a market cap of $3.58 billion, a P/E ratio of -19.45 and a beta of 1.13. The stock’s 50 day simple moving average is $30.81 and its 200-day simple moving average is $27.78. Skeena Resources has a 1-year low of $11.88 and a 1-year high of $38.77.

About Skeena Resources

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.