Skeena Resources Limited (NYSE:SKE - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $13.88, but opened at $14.36. Skeena Resources shares last traded at $14.23, with a volume of 39,221 shares traded.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on SKE shares. CIBC reissued an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd. Wall Street Zen lowered Skeena Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Raymond James reissued a "strong-buy" rating on shares of Skeena Resources in a research note on Friday, April 4th.
View Our Latest Analysis on Skeena Resources
Skeena Resources Price Performance
The company has a market cap of $1.65 billion, a P/E ratio of -10.52 and a beta of 1.19. The company has a 50 day moving average of $12.18 and a 200-day moving average of $10.61.
Skeena Resources (NYSE:SKE - Get Free Report) last posted its quarterly earnings data 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 EPS for the current year.
Institutional Investors Weigh In On Skeena Resources
Several hedge funds have recently added to or reduced their stakes in SKE. Helikon Investments Ltd lifted 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 purchasing an additional 2,986,891 shares during the last quarter. Bornite Capital Management LP bought a new stake in Skeena Resources during the first quarter worth about $9,581,000. Invesco Ltd. lifted 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 purchasing an additional 766,600 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Skeena Resources during the fourth quarter worth about $4,549,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted 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 purchasing an additional 367,300 shares during the last quarter. Institutional investors 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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