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

Shares of Skeena Resources Limited (NYSE:SKEGet Free Report) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts recently weighed in on SKE shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Friday, July 17th. Zacks Research raised shares of Skeena Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st.

Get Our Latest Stock Report on SKE

Institutional Trading of Skeena Resources

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caprock Group LLC acquired a new stake in Skeena Resources in the 4th quarter valued at about $2,956,000. Allspring Global Investments Holdings LLC grew its stake in shares of Skeena Resources by 29.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 977,000 shares of the company’s stock valued at $23,206,000 after purchasing an additional 220,000 shares during the last quarter. UBS Group AG grew its stake in shares of Skeena Resources by 25.4% during the fourth quarter. UBS Group AG now owns 1,290,071 shares of the company’s stock valued at $30,613,000 after purchasing an additional 260,954 shares during the last quarter. Intact Investment Management Inc. increased its holdings in shares of Skeena Resources by 81.3% in the fourth quarter. Intact Investment Management Inc. now owns 157,200 shares of the company’s stock valued at $3,734,000 after purchasing an additional 70,500 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Skeena Resources by 4.5% in the first quarter. Royal Bank of Canada now owns 1,291,911 shares of the company’s stock valued at $38,395,000 after purchasing an additional 55,463 shares in the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Skeena Resources Trading Up 6.9%

NYSE:SKE opened at $30.69 on Thursday. The company has a 50-day moving average of $27.52 and a 200-day moving average of $30.09. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -20.32 and a beta of 1.14. Skeena Resources has a twelve month low of $14.53 and a twelve month high of $38.77.

Skeena Resources Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Skeena Resources (NYSE:SKE)

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