Allspring Global Investments Holdings LLC Has $23.21 Million Stock Position in Skeena Resources Limited $SKE

Key Points

• Allspring Global Investments Holdings LLC raised its stake in Skeena Resources (NYSE:SKE) by 29.1% to 977,000 shares, valued at about $23.21 million (≈0.81% of the company).
• Several other institutions boosted positions—most notably Helikon with 16.87 million shares (~$310.95M)—and institutional ownership stands at about 45.15%.
• Analyst opinions are mixed but the consensus is a "Moderate Buy"; Skeena has a market cap of $3.77B, is trading near $30.94, with a 1-year range of $8.53–$38.77 and a negative P/E of -27.38.

Allspring Global Investments Holdings LLC increased its holdings in Skeena Resources Limited (NYSE:SKE - Free Report) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 977,000 shares of the company's stock after purchasing an additional 220,000 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.81% of Skeena Resources worth $23,206,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SKE. Helikon Investments Ltd raised its position in shares of Skeena Resources by 20.3% in the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company's stock valued at $310,948,000 after purchasing an additional 2,841,708 shares during the period. Van ECK Associates Corp lifted its position in Skeena Resources by 16.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company's stock worth $87,404,000 after acquiring an additional 670,200 shares during the last quarter. Amundi lifted its position in Skeena Resources by 10.2% during the 3rd quarter. Amundi now owns 2,488,622 shares of the company's stock worth $45,144,000 after acquiring an additional 230,098 shares during the last quarter. TD Asset Management Inc boosted its holdings in Skeena Resources by 16.3% during the third quarter. TD Asset Management Inc now owns 1,484,909 shares of the company's stock valued at $27,352,000 after acquiring an additional 208,095 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Skeena Resources by 48.9% in the third quarter. JPMorgan Chase & Co. now owns 1,467,864 shares of the company's stock valued at $27,053,000 after purchasing an additional 482,369 shares during the last quarter. 45.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Skeena Resources from a "hold" rating to a "sell" rating in a report on Saturday, March 28th. Scotiabank reissued an "outperform" rating on shares of Skeena Resources in a research report on Monday, January 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Skeena Resources in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Skeena Resources Trading Up 0.1%

Shares of NYSE:SKE opened at $30.94 on Friday. The business has a 50-day moving average price of $31.93 and a two-hundred day moving average price of $24.70. Skeena Resources Limited has a 1-year low of $8.53 and a 1-year high of $38.77. The stock has a market capitalization of $3.77 billion, a P/E ratio of -27.38 and a beta of 1.27.

About Skeena Resources

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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