Alberta Investment Management Corp bought a new position in shares of Skeena Resources Limited (NYSE:SKE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 282,531 shares of the company's stock, valued at approximately $7,523,000. Alberta Investment Management Corp owned about 0.23% of Skeena Resources as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its stake in Skeena Resources by 849.9% during the first quarter. Royal Bank of Canada now owns 401,729 shares of the company's stock worth $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 first quarter valued at $89,000. Goldman Sachs Group Inc. increased its holdings in Skeena Resources by 174.0% in the first quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company's stock worth $3,172,000 after purchasing an additional 199,654 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 during the period. Finally, Legal & General Group Plc boosted its position in shares of Skeena Resources by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company's stock worth $1,294,000 after purchasing an additional 4,037 shares in the last quarter. 45.15% of the stock is currently owned by institutional investors.
Skeena Resources Trading Up 0.1%
Shares of SKE stock opened at $33.09 on Monday. Skeena Resources Limited has a 52-week low of $14.53 and a 52-week high of $38.77. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15. The company has a 50-day simple moving average of $27.99 and a two-hundred day simple moving average of $30.25. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of -22.06 and a beta of 1.14.
Skeena Resources (NYSE:SKE - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). Research analysts anticipate that Skeena Resources Limited will post -1.23 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Zacks Research upgraded shares of Skeena Resources from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Skeena Resources in a research note on Friday, July 17th. Finally, Wall Street Zen raised Skeena Resources from a "strong sell" rating to a "sell" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".
View Our Latest Stock Report on Skeena Resources
About Skeena Resources
(
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.
See Also
Want to see what other hedge funds are holding SKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skeena Resources Limited (NYSE:SKE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Skeena Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skeena Resources wasn't on the list.
While Skeena Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
