Skeena Resources Limited (NYSE:SKE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Skeena Resources Limited (NYSE:SKE) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have weighed in on the company. Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st.

Institutional Trading of Skeena Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its position in shares of Skeena Resources by 41.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after buying an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Skeena Resources in the fourth quarter worth about $43,000. PNC Financial Services Group Inc. lifted its position 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 buying an additional 1,940 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Skeena Resources in the fourth quarter worth about $45,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Skeena Resources in the first quarter worth about $89,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

Skeena Resources Trading Up 2.2%

NYSE:SKE opened at $34.14 on Tuesday. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -30.21 and a beta of 1.27. Skeena Resources has a 1-year low of $10.92 and a 1-year high of $38.77. The business’s fifty day moving average price is $32.13 and its 200 day moving average price is $25.90.

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.