Skeena Resources Limited (NYSE:SKE – Get Free Report)’s stock price was up 7.7% during mid-day trading on Friday . The stock traded as high as $28.08 and last traded at $28.0690. Approximately 378,895 shares were traded during trading, a decline of 56% from the average daily volume of 853,872 shares. The stock had previously closed at $26.06.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SKE. Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on Skeena Resources
Skeena Resources Stock Performance
Institutional Trading of Skeena Resources
A number of institutional investors have recently modified their holdings of SKE. Rockefeller Capital Management L.P. grew its holdings in shares of Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after purchasing an additional 455 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Skeena Resources during the 4th quarter worth about $43,000. PNC Financial Services Group Inc. grew its holdings in shares of Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after purchasing an additional 1,940 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Skeena Resources during the 4th quarter worth about $45,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Skeena Resources during the 1st quarter worth about $89,000. Hedge funds and other institutional investors 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.
Featured Articles
- Five stocks we like better than Skeena Resources
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Skeena Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skeena Resources and related companies with MarketBeat.com's FREE daily email newsletter.
