Skeena Resources (NYSE:SKE) Trading 5.3% Higher – Here’s What Happened

Posted by William Tyler on Jan 7th, 2025

Skeena Resources Limited (NYSE:SKE – Get Free Report) traded up 5.3% during trading on Tuesday . The company traded as high as $9.95 and last traded at $9.87. 60,912 shares were traded during mid-day trading, a decline of 66% from the average session volume of 179,287 shares. The stock had previously closed at $9.37.

Analysts Set New Price Targets

Separately, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st.

Get Our Latest Report on Skeena Resources

Skeena Resources Stock Up 3.9 %

The business’s 50-day moving average is $9.08 and its 200-day moving average is $8.04. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -7.11 and a beta of 1.27.

Institutional Trading of Skeena Resources

A number of hedge funds have recently modified their holdings of SKE. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Skeena Resources in the 3rd quarter worth approximately $43,000. Dynamic Technology Lab Private Ltd acquired a new stake in Skeena Resources during the third quarter valued at $93,000. Pinnacle Wealth Management Group Inc. purchased a new position in Skeena Resources during the third quarter worth approximately $110,000. Virtu Financial LLC acquired a new stake in Skeena Resources in the third quarter valued at approximately $113,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Skeena Resources in the second quarter valued at approximately $179,000. Hedge funds and other 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.