BTG Pactual Asset Management US LLC Makes New Investment in Skeena Resources Limited $SKE

Key Points

• BTG Pactual Asset Management US LLC acquired 56,120 Skeena Resources shares in the second quarter, valued at approximately $1.5 million. Institutional investors collectively own 45.15% of the company.
• Skeena shares opened at $33.16, with a 12-month range of $15.43 to $38.77 and a market capitalization of roughly $4.13 billion. The company’s latest quarterly loss of $0.21 per share missed analyst expectations of a $0.11 loss.
• Analyst sentiment is mixed but leans positive, with one Strong Buy, three Buy, one Hold, and one Sell rating, resulting in a consensus “Moderate Buy” rating.

BTG Pactual Asset Management US LLC bought a new stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 56,120 shares of the company's stock, valued at approximately $1,496,000.

Other hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its stake in shares of Skeena Resources by 41.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company's stock worth $37,000 after buying an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Skeena Resources during the 4th quarter worth $43,000. Russell Investments Group Ltd. acquired a new stake in Skeena Resources during the 4th quarter worth $45,000. PNC Financial Services Group Inc. raised its position in shares of Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company's stock valued at $44,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Skeena Resources during the 4th quarter valued at $98,000. Institutional investors own 45.15% of the company's stock.

Skeena Resources Stock Performance

Shares of Skeena Resources stock opened at $33.16 on Monday. The stock's fifty day simple moving average is $29.20 and its 200 day simple moving average is $30.42. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $4.13 billion, a PE ratio of -22.11 and a beta of 1.14. Skeena Resources Limited has a 12 month low of $15.43 and a 12 month high of $38.77.

Skeena Resources (NYSE:SKE - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.10). On average, research analysts predict that Skeena Resources Limited will post -1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SKE. Wall Street Zen upgraded Skeena Resources from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Skeena Resources in a report on Friday, July 17th. Finally, Zacks Research raised Skeena Resources from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Skeena Resources currently has a consensus rating of "Moderate Buy".

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.

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.

Add As Preferred Source