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

Skeena Resources Limited (NYSE:SKE) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company.

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th.

Skeena Resources Stock Up 2.8%

Shares of SKE stock opened at $30.87 on Wednesday. The stock has a fifty day moving average of $30.48 and a 200 day moving average of $29.26. Skeena Resources has a 52 week low of $13.81 and a 52 week high of $38.77. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -20.44 and a beta of 1.11.

Hedge Funds Weigh In On Skeena Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in Skeena Resources by 41.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after buying an additional 455 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Skeena Resources during the fourth quarter valued at $43,000. Russell Investments Group Ltd. purchased a new position in Skeena Resources during the fourth quarter valued at $45,000. PNC Financial Services Group Inc. lifted its position in Skeena Resources by 431.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after buying an additional 1,940 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Skeena Resources during the fourth quarter valued at $98,000. Hedge funds and other 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.