43,055 Shares in Skeena Resources Limited $SKE Bought by Cibc World Market Inc.

Key Points

• CIBC World Market Inc. acquired 43,055 Skeena Resources shares in the second quarter, valued at approximately $1.15 million. Institutional investors collectively own 45.15% of the company.
• Analyst sentiment is mixed but averages a “Moderate Buy” rating, with one Strong Buy, three Buys, one Hold and one Sell recommendation.
• Skeena Resources reported a quarterly loss of $0.21 per share, missing the consensus estimate of a $0.11 loss. The stock opened at $35.09, near its 12-month high of $38.77.

Cibc World Market Inc. purchased a new position in Skeena Resources Limited (NYSE:SKE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,055 shares of the company's stock, valued at approximately $1,147,000.

Several other institutional investors have also added to or reduced their stakes in SKE. Rockefeller Capital Management L.P. grew its stake in shares of Skeena Resources by 41.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company's stock valued at $37,000 after buying an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Skeena Resources in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. boosted its holdings in Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company's stock valued at $44,000 after acquiring an additional 1,940 shares during the period. Russell Investments Group Ltd. purchased a new stake in Skeena Resources during the 4th quarter valued at about $45,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Skeena Resources during the 1st quarter valued at about $89,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research upgraded Skeena Resources from a "strong sell" rating to a "hold" rating in a research report on Friday, July 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Skeena Resources in a research report on Friday, July 17th. Finally, Wall Street Zen raised Skeena Resources from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Skeena Resources Price Performance

SKE stock opened at $35.09 on Friday. The firm's 50-day moving average price is $29.11 and its two-hundred day moving average price is $30.43. Skeena Resources Limited has a 12-month low of $15.43 and a 12-month high of $38.77. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -23.40 and a beta of 1.14. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 5.66.

Skeena Resources (NYSE:SKE - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). As a group, equities analysts predict that Skeena Resources Limited will post -1.22 earnings per share for the current year.

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.

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