Skeena Resources (NYSE:SKE) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Skeena Resources (NYSE:SKE) from a hold rating to a sell rating in a research note released on Thursday.

Separately, Raymond James reaffirmed a “strong-buy” rating on shares of Skeena Resources in a report on Friday, April 4th.

Skeena Resources Trading Down 1.6%

NYSE SKE opened at $12.47 on Thursday. Skeena Resources has a 1-year low of $4.10 and a 1-year high of $13.15. The company has a 50 day moving average of $11.17 and a 200-day moving average of $10.10. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -9.10 and a beta of 1.20.

Skeena Resources (NYSE:SKE) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). On average, analysts forecast that Skeena Resources will post -0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Skeena Resources in the 4th quarter valued at $31,000. Tower Research Capital LLC TRC lifted its position in Skeena Resources by 2,067.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock valued at $51,000 after purchasing an additional 5,541 shares during the period. Northwest & Ethical Investments L.P. bought a new position in shares of Skeena Resources in the 1st quarter valued at about $77,000. Aquatic Capital Management LLC acquired a new stake in shares of Skeena Resources during the 4th quarter worth approximately $89,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Skeena Resources during the 1st quarter worth approximately $89,000. Institutional investors own 45.15% of the company’s stock.

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.