Skeena Resources Limited (NYSE:SKE - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $12.29, but opened at $12.04. Skeena Resources shares last traded at $12.12, with a volume of 53,828 shares changing hands.
Wall Street Analyst Weigh In
SKE has been the subject of several recent research reports. Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Raymond James reaffirmed a "strong-buy" rating on shares of Skeena Resources in a report on Friday, April 4th. Finally, CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a report on Thursday, May 22nd.
View Our Latest Research Report on SKE
Skeena Resources Price Performance
The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -9.34 and a beta of 1.20. The firm has a fifty day moving average of $11.38 and a 200 day moving average of $10.25.
Skeena Resources (NYSE:SKE - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Research analysts anticipate that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Skeena Resources
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SKE. Helikon Investments Ltd increased its stake in Skeena Resources by 33.4% during the first quarter. Helikon Investments Ltd now owns 11,917,315 shares of the company's stock worth $120,246,000 after acquiring an additional 2,986,891 shares during the last quarter. Bornite Capital Management LP acquired a new stake in Skeena Resources during the first quarter worth $9,581,000. Invesco Ltd. increased its stake in Skeena Resources by 4,414.9% during the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company's stock worth $6,836,000 after acquiring an additional 766,600 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Skeena Resources during the fourth quarter worth $4,549,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Skeena Resources by 31.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,524,038 shares of the company's stock worth $15,370,000 after acquiring an additional 367,300 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company's stock.
Skeena Resources Company Profile
(
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.
Featured Stories
Before you consider Skeena Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skeena Resources wasn't on the list.
While Skeena Resources currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
