Amundi Has $15.34 Million Holdings in Skeena Resources Limited $SKE

Amundi increased its holdings in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 29.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,575,000 shares of the company's stock after purchasing an additional 355,700 shares during the quarter. Amundi owned 1.38% of Skeena Resources worth $15,340,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SKE. Helikon Investments Ltd increased its stake in Skeena Resources by 33.4% during the 1st quarter. Helikon Investments Ltd now owns 11,917,315 shares of the company's stock worth $120,246,000 after purchasing an additional 2,986,891 shares in the last quarter. Bornite Capital Management LP bought a new stake in Skeena Resources during the 1st quarter worth approximately $9,581,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Skeena Resources by 31.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,524,038 shares of the company's stock worth $15,370,000 after purchasing an additional 367,300 shares in the last quarter. Royal Bank of Canada increased its stake in Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company's stock worth $4,053,000 after purchasing an additional 359,438 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in Skeena Resources by 28.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,616,139 shares of the company's stock worth $16,293,000 after purchasing an additional 357,146 shares in the last quarter. 45.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

SKE has been the subject of a number of research reports. CIBC reissued an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd. Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, TD Securities initiated coverage on Skeena Resources in a research note on Tuesday, August 12th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, Skeena Resources currently has a consensus rating of "Buy".

Skeena Resources Price Performance

NYSE:SKE traded up $0.08 during trading hours on Friday, reaching $17.54. 661,562 shares of the stock were exchanged, compared to its average volume of 425,521. Skeena Resources Limited has a twelve month low of $7.32 and a twelve month high of $17.97. The firm has a 50 day moving average of $15.94 and a 200 day moving average of $13.40. The stock has a market cap of $2.01 billion, a PE ratio of -16.09 and a beta of 1.26.

Skeena Resources (NYSE:SKE - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business had revenue of $1.90 million during the quarter, compared to analysts' expectations of $1.90 million. Equities research analysts anticipate that Skeena Resources Limited will post -0.98 earnings per share for the current year.

Skeena Resources 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.