Skeena Resources (NYSE:SKE) Shares Gap Up - Still a Buy?

Skeena Resources Limited (NYSE:SKE - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $11.23, but opened at $11.90. Skeena Resources shares last traded at $11.62, with a volume of 89,555 shares.

Analyst Ratings Changes

Separately, Raymond James restated a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th.

Skeena Resources Trading Up 1.8 %

The stock has a market cap of $1.43 billion, a P/E ratio of -9.18 and a beta of 1.20. The firm's 50-day simple moving average is $10.81 and its 200 day simple moving average is $9.98.

Institutional Trading of Skeena Resources

Several hedge funds have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Skeena Resources during the fourth quarter valued at about $31,000. FNY Investment Advisers LLC raised its position in shares of Skeena Resources by 2,252.9% during the 4th quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company's stock worth $34,000 after buying an additional 3,830 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Skeena Resources by 2,067.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock valued at $51,000 after acquiring an additional 5,541 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Skeena Resources during the fourth quarter valued at approximately $89,000. Finally, Banque Cantonale Vaudoise bought a new stake in Skeena Resources during the first quarter worth approximately $91,000. Institutional investors own 45.15% of the company's stock.

Skeena Resources Company Profile

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.