Skeena Resources (NYSE:SKE) Issues Earnings Results, Misses Estimates By $0.09 EPS

by · The Cerbat Gem

Skeena Resources (NYSE:SKE – Get Free Report) issued its earnings results on Friday. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.09), Zacks reports.

Skeena Resources Price Performance

Skeena Resources stock traded down $2.98 during mid-day trading on Friday, reaching $31.06. 903,223 shares of the company traded hands, compared to its average volume of 637,281. The firm’s 50 day moving average price is $31.06 and its 200 day moving average price is $27.42. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -27.49 and a beta of 1.13. Skeena Resources has a 52-week low of $11.00 and a 52-week high of $38.77.

Institutional Trading of Skeena Resources

Several large investors have recently bought and sold shares of SKE. Royal Bank of Canada boosted its position in Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after acquiring an additional 359,438 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Skeena Resources during the 1st quarter valued at approximately $89,000. Goldman Sachs Group Inc. boosted its position in Skeena Resources by 174.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock valued at $3,172,000 after acquiring an additional 199,654 shares in the last quarter. Geode Capital Management LLC boosted its position in Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after acquiring an additional 1,881 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Skeena Resources by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock valued at $1,294,000 after acquiring an additional 4,037 shares in the last quarter. 45.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SKE. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Skeena Resources presently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on Skeena Resources

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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