Skeena Resources (NYSE:SKE – Get Free Report) posted its earnings results on Thursday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10), Zacks reports.
Skeena Resources Price Performance
Shares of SKE traded up $0.29 during midday trading on Friday, reaching $33.09. The stock had a trading volume of 438,853 shares, compared to its average volume of 538,389. Skeena Resources has a 1-year low of $14.53 and a 1-year high of $38.77. The company’s fifty day simple moving average is $27.99 and its two-hundred day simple moving average is $30.26. The company has a market cap of $4.12 billion, a price-to-earnings ratio of -22.06 and a beta of 1.14.
Wall Street Analysts Forecast Growth
A number of research firms have commented on SKE. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research note on Friday, July 17th. Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Skeena Resources has a consensus rating of “Moderate Buy”.
Hedge Funds Weigh In On Skeena Resources
A number of institutional investors and hedge funds have recently modified their holdings of SKE. Investment Management Corp of Ontario acquired a new stake in Skeena Resources in the fourth quarter valued at $353,000. Virtu Financial LLC acquired a new position in shares of Skeena Resources during the 4th quarter worth about $328,000. Grand Central Investment Group acquired a new position in shares of Skeena Resources during the 4th quarter worth about $299,000. Osaic Holdings Inc. increased its holdings in shares of Skeena Resources by 16,173.0% in the 2nd quarter. Osaic Holdings Inc. now owns 16,273 shares of the company’s stock valued at $258,000 after acquiring an additional 16,173 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in shares of Skeena Resources by 30.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 10,524 shares of the company’s stock valued at $250,000 after acquiring an additional 2,460 shares during the last quarter. 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.
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