Skeena Resources Limited (NYSE:SKE - Get Free Report)'s stock price was down 2.9% during mid-day trading on Friday . The stock traded as low as $14.43 and last traded at $14.44. Approximately 92,986 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 391,532 shares. The stock had previously closed at $14.87.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on SKE shares. Wall Street Zen downgraded shares of Skeena Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Raymond James reaffirmed a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th. Finally, CIBC reissued an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd.
Read Our Latest Stock Analysis on SKE
Skeena Resources Price Performance
The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -10.50 and a beta of 1.19. The business's 50-day moving average price is $11.88 and its two-hundred day moving average price is $10.52.
Skeena Resources (NYSE:SKE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Equities analysts predict that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.
Institutional Trading of Skeena Resources
A number of hedge funds have recently made changes to their positions in SKE. Howland Capital Management LLC bought a new position in Skeena Resources during the fourth quarter worth $96,000. Sprott Inc. lifted its stake in Skeena Resources by 5.1% during the fourth quarter. Sprott Inc. now owns 1,109,950 shares of the company's stock worth $9,674,000 after purchasing an additional 54,242 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Skeena Resources during the fourth quarter worth $31,000. Raymond James Financial Inc. bought a new position in Skeena Resources during the fourth quarter worth $1,342,000. Finally, PCJ Investment Counsel Ltd. lifted its stake in Skeena Resources by 11.9% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 139,630 shares of the company's stock worth $1,213,000 after purchasing an additional 14,840 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company's stock.
About Skeena Resources
(
Get Free Report)
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.
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