Skeena Resources (NYSE:SKE) Posts Earnings Results, Misses Expectations By $0.03 EPS

Skeena Resources (NYSE:SKE) issued its quarterly earnings data on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports.

Skeena Resources Stock Up 1.2%

Shares of Skeena Resources stock opened at $27.46 on Wednesday. The business has a fifty day simple moving average of $31.86 and a 200-day simple moving average of $24.17. Skeena Resources has a fifty-two week low of $8.53 and a fifty-two week high of $38.77. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of -37.61 and a beta of 1.17.

Analyst Ratings Changes

Several research firms recently commented on SKE. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after purchasing an additional 359,438 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Skeena Resources during the first quarter valued at approximately $89,000. Goldman Sachs Group Inc. lifted its stake in 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 during the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 1,881 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in 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 buying an additional 4,037 shares in the last quarter. 45.15% of the stock is currently owned by institutional investors.

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.