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

Shares of Skeena Resources Limited (NYSE:SKE) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have weighed in on SKE. Wall Street Zen upgraded Skeena Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a report on Friday, July 17th. Finally, Zacks Research raised shares of Skeena Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Skeena Resources by 99.7% during the 2nd quarter. Van ECK Associates Corp now owns 9,017,001 shares of the company’s stock worth $240,403,000 after buying an additional 4,501,723 shares during the period. Vanguard Group Inc. grew its stake in Skeena Resources by 108.3% in the fourth quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock valued at $62,353,000 after acquiring an additional 1,364,835 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Skeena Resources in the second quarter valued at approximately $19,768,000. Millennium Management LLC increased its holdings in shares of Skeena Resources by 44.6% during the fourth quarter. Millennium Management LLC now owns 2,202,510 shares of the company’s stock valued at $52,309,000 after acquiring an additional 679,709 shares in the last quarter. Finally, Bornite Capital Management LP bought a new stake in shares of Skeena Resources during the fourth quarter valued at approximately $12,423,000. 45.15% of the stock is owned by institutional investors.

Skeena Resources Stock Performance

SKE stock opened at $34.88 on Monday. The stock has a 50-day moving average price of $28.70 and a 200-day moving average price of $30.31. Skeena Resources has a 1-year low of $14.85 and a 1-year high of $38.77. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 5.66. The firm has a market cap of $4.34 billion, a PE ratio of -23.25 and a beta of 1.14.

Skeena Resources (NYSE:SKE) last announced its earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). As a group, equities research analysts expect that Skeena Resources will post -1.22 earnings per share for the current year.

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.