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

Shares of Skeena Resources Limited (NYSE:SKEGet Free Report) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

SKE has been the topic of several analyst reports. Wall Street Zen raised shares of Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research raised Skeena Resources from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th.

View Our Latest Report on SKE

Hedge Funds Weigh In On Skeena Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its position in Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after purchasing an additional 455 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Skeena Resources in the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. lifted its position in shares of Skeena Resources by 431.1% in 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. bought a new stake in shares of Skeena Resources in the 4th quarter valued at $45,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Skeena Resources in the 1st quarter valued at $89,000. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Stock Up 0.0%

NYSE:SKE opened at $34.88 on Monday. The firm’s 50 day simple moving average is $28.70 and its 200 day simple moving average is $30.31. The company has a debt-to-equity ratio of 5.66, a current ratio of 3.15 and a quick ratio of 3.15. Skeena Resources has a one year low of $14.85 and a one year high of $38.77. The company has a market cap of $4.34 billion, a PE ratio of -23.25 and a beta of 1.14.

Skeena Resources (NYSE:SKEGet Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.10). On average, research analysts anticipate that Skeena Resources will post -1.22 earnings per share for the current year.

About Skeena Resources

(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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