Skeena Resources (NYSE:SKE – Get Rating) had its target price lifted by Scotiabank from C$15.00 to C$16.00 in a research report issued on Wednesday, The Fly reports.
Separately, BMO Capital Markets initiated coverage on shares of Skeena Resources in a report on Friday, October 7th. They issued an "outperform" rating on the stock.
Get Skeena Resources alerts:Skeena Resources Stock Down 1.1 %
Shares of NYSE:SKE traded down $0.07 during trading on Wednesday, hitting $6.22. 705 shares of the stock traded hands, compared to its average volume of 55,029. The company has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $5.19. Skeena Resources has a 52-week low of $4.10 and a 52-week high of $13.39. The company has a market cap of $483.02 million, a price-to-earnings ratio of -5.14 and a beta of 1.11.
Skeena Resources (NYSE:SKE – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.13). On average, equities research analysts predict that Skeena Resources will post -0.74 EPS for the current fiscal year.Institutional Trading of Skeena Resources
A number of large investors have recently made changes to their positions in SKE. Toronto Dominion Bank purchased a new stake in Skeena Resources in the second quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Skeena Resources by 11.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,721 shares of the company's stock worth $262,000 after purchasing an additional 5,215 shares during the period. Mackenzie Financial Corp boosted its stake in Skeena Resources by 6.3% during the 3rd quarter. Mackenzie Financial Corp now owns 703,055 shares of the company's stock worth $3,284,000 after purchasing an additional 41,433 shares during the period. Aigen Investment Management LP purchased a new position in Skeena Resources during the 2nd quarter worth $94,000. Finally, Swiss National Bank acquired a new position in Skeena Resources in the second quarter valued at $731,000. 32.13% of the stock is owned by institutional investors and hedge funds.
Skeena Resources Company Profile
(Get Rating)
Skeena Resources Ltd. is a mineral exploration stage company. The firm focuses on developing the Eskay Creek Project, an advanced-stage exploration project. The company was founded on September 13, 1979 and is headquartered in Vancouver, Canada.
Further Reading
- Get a free copy of the StockNews.com research report on Skeena Resources (SKE)
- J.B. Hunt Gets A Flat, Logistic Companies Come Into Focus
- Is Intel Stock On The Verge Of Breaking Out?
- Does it Matter Folks Aren't "Starry-Eyed" Over Pepsi's New Soda?
- Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock?
- Can Alaska Air Continue Soaring Above The Airline Industry?
Receive News & Ratings for Skeena Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skeena Resources and related companies with MarketBeat.com's FREE daily email newsletter.