Bank of America Corp DE Buys 137,134 Shares of Skeena Resources Limited (NYSE:SKE)

Bank of America Corp DE boosted its position in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 80.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,838 shares of the company's stock after purchasing an additional 137,134 shares during the period. Bank of America Corp DE owned about 0.29% of Skeena Resources worth $2,684,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sprott Inc. increased its holdings in Skeena Resources by 5.1% during the 4th quarter. Sprott Inc. now owns 1,109,950 shares of the company's stock worth $9,674,000 after purchasing an additional 54,242 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Skeena Resources in the fourth quarter valued at about $1,342,000. JPMorgan Chase & Co. acquired a new stake in shares of Skeena Resources in the fourth quarter valued at about $4,549,000. Amundi increased its position in shares of Skeena Resources by 9.8% in the fourth quarter. Amundi now owns 1,219,300 shares of the company's stock valued at $11,632,000 after acquiring an additional 109,300 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Skeena Resources by 12.0% in the fourth quarter. Legal & General Group Plc now owns 78,672 shares of the company's stock valued at $684,000 after acquiring an additional 8,428 shares during the last quarter. Institutional investors own 45.15% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SKE. Raymond James reaffirmed a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th. CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd. Finally, Wall Street Zen downgraded Skeena Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Skeena Resources Price Performance

NYSE SKE traded up $0.47 during trading on Thursday, reaching $14.88. 395,972 shares of the company's stock were exchanged, compared to its average volume of 392,671. The business has a 50 day moving average price of $11.71 and a 200-day moving average price of $10.43. The stock has a market capitalization of $1.70 billion, a P/E ratio of -10.86 and a beta of 1.19. Skeena Resources Limited has a fifty-two week low of $4.10 and a fifty-two week high of $15.19.

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