Skeena Resources Limited (NYSE:SKE) Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 478,500 shares of the company's stock after acquiring an additional 27,500 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.42% of Skeena Resources worth $4,826,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Skeena Resources by 2,067.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock worth $51,000 after buying an additional 5,541 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Skeena Resources in the fourth quarter valued at $89,000. Eagle Global Advisors LLC acquired a new stake in shares of Skeena Resources in the fourth quarter valued at $112,000. FNY Investment Advisers LLC lifted its holdings in shares of Skeena Resources by 237.5% in the first quarter. FNY Investment Advisers LLC now owns 13,500 shares of the company's stock valued at $136,000 after buying an additional 9,500 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Skeena Resources in the 4th quarter worth approximately $128,000. Institutional investors own 45.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd. Wall Street Zen cut shares of Skeena Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Skeena Resources in a research note on Friday, April 4th.

Skeena Resources Trading Up 0.7%

Shares of Skeena Resources stock traded up $0.10 on Wednesday, reaching $15.46. 396,256 shares of the company were exchanged, compared to its average volume of 399,162. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -13.44 and a beta of 1.26. Skeena Resources Limited has a fifty-two week low of $5.63 and a fifty-two week high of $16.41. The stock has a fifty day moving average price of $13.71 and a 200-day moving average price of $11.41.

Skeena Resources (NYSE:SKE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). On average, equities analysts anticipate that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.

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.