Skeena Resources Limited (SKE) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Five firms maintain a consensus “Hold” rating, with three buys, one hold and one sell. Recent actions included upgrades from Zacks Research and Royal Bank of Canada, while Weiss Ratings reaffirmed a sell rating.
• Institutional ownership stands at 45.15%: Several investment firms recently increased their positions or initiated new stakes in Skeena Resources.
• The stock recently traded at $31.88, near its 50-day average of $32.07, while the company reported a quarterly loss of $0.21 per share—worse than the expected $0.11 loss. Analysts project a full-year loss of $1.29 per share.

Shares of Skeena Resources Limited (NYSE:SKE - Get Free Report) have received a consensus recommendation of "Hold" from the five ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company.

SKE has been the topic of a number of analyst reports. Zacks Research raised shares of Skeena Resources from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Skeena Resources in a research report on Friday, July 17th. Royal Bank Of Canada raised shares of Skeena Resources to a "moderate buy" rating in a research report on Tuesday, September 15th. Finally, Wall Street Zen raised shares of Skeena Resources from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th.

Institutional Investors Weigh In On Skeena Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in shares of Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company's stock worth $37,000 after purchasing an additional 455 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Skeena Resources in the 2nd quarter worth about $37,000. Farther Finance Advisors LLC grew its position in Skeena Resources by 2,443.3% during the third quarter. Farther Finance Advisors LLC now owns 1,526 shares of the company's stock valued at $45,000 after buying an additional 1,466 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Skeena Resources during the fourth quarter valued at about $161,000. Finally, Astoria Portfolio Advisors LLC. bought a new position in Skeena Resources during the fourth quarter valued at about $215,000. Hedge funds and other institutional investors own 45.15% of the company's stock.

Skeena Resources Stock Down 2.2%

Shares of NYSE SKE opened at $31.88 on Tuesday. The company has a 50 day simple moving average of $32.07 and a 200 day simple moving average of $30.12. The firm has a market cap of $4.00 billion, a PE ratio of -21.25 and a beta of 1.18. Skeena Resources has a 1 year low of $15.43 and a 1 year high of $38.77. 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 (NYSE:SKE - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.10). On average, research analysts forecast that Skeena Resources will post -1.29 EPS for the current year.

Skeena Resources Company Profile

Skeena Resources Limited is a Canadian mineral exploration and development company focused on advancing precious-metals projects in British Columbia's Golden Triangle. The company's primary asset is the Eskay Creek gold-silver project, a past-producing mine that Skeena is working to redevelop as a modern open-pit operation.

Skeena's activities include exploration, resource evaluation, technical studies, permitting and project development. Eskay Creek contains gold and silver mineralization, and the company is evaluating the infrastructure and processing requirements needed to support a potential restart of the site.

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