Skeena Resources Limited (NYSE:SKE - Get Free Report) rose 4.9% during mid-day trading on Monday . The stock traded as high as $15.99 and last traded at $15.78. Approximately 110,655 shares traded hands during trading, a decline of 73% from the average daily volume of 402,666 shares. The stock had previously closed at $15.04.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th. CIBC reiterated an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Skeena Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.
Read Our Latest Analysis on SKE
Skeena Resources Trading Up 3.7%
The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -13.62 and a beta of 1.19. The company's 50-day moving average is $13.08 and its 200-day moving average is $11.01.
Skeena Resources (NYSE:SKE - Get Free Report) last posted its quarterly 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). Equities research analysts forecast that Skeena Resources Limited will post -0.98 EPS for the current year.
Hedge Funds Weigh In On Skeena Resources
Several institutional investors and hedge funds have recently added to or reduced their stakes in SKE. Kohmann Bosshard Financial Services LLC bought a new position in Skeena Resources in the 4th quarter valued at approximately $31,000. Tower Research Capital LLC TRC lifted its stake in Skeena Resources by 2,067.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock valued at $51,000 after purchasing an additional 5,541 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Skeena Resources in the 1st quarter valued at approximately $77,000. Aquatic Capital Management LLC bought a new position in Skeena Resources in the 4th quarter valued at approximately $89,000. Finally, Cubist Systematic Strategies LLC bought a new position in Skeena Resources in the 1st quarter valued at approximately $89,000. 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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