Skeena Resources (NYSE:SKE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Skeena Resources (NYSE:SKE) from a sell rating to a hold rating in a research note issued to investors on Sunday.

A number of other research firms also recently commented on SKE. Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a report on Thursday, October 23rd. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Skeena Resources in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Skeena Resources presently has a consensus rating of “Moderate Buy”.

Skeena Resources Stock Performance

NYSE:SKE opened at $33.39 on Friday. The firm’s 50-day moving average is $24.23 and its 200-day moving average is $19.45. Skeena Resources has a 52-week low of $8.53 and a 52-week high of $33.76. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -45.74 and a beta of 1.22.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Equities analysts predict that Skeena Resources will post -0.98 EPS for the current year.

Hedge Funds Weigh In On Skeena Resources

Institutional investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd raised its position in shares of Skeena Resources by 20.3% in the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after purchasing an additional 2,841,708 shares during the period. Vanguard Group Inc. lifted its position in shares of Skeena Resources by 1,834.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,260,442 shares of the company’s stock valued at $23,212,000 after acquiring an additional 1,195,270 shares during the period. Amundi grew its stake in Skeena Resources by 43.4% during the second quarter. Amundi now owns 2,258,524 shares of the company’s stock worth $35,640,000 after buying an additional 683,524 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Skeena Resources by 16.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock worth $87,404,000 after acquiring an additional 670,200 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. boosted its holdings in shares of Skeena Resources by 114.9% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 1,227,900 shares of the company’s stock valued at $22,630,000 after purchasing an additional 656,471 shares in the last quarter. 45.15% of the stock is currently owned by institutional investors and hedge funds.

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.