Caisse de depot et placement du Quebec purchased a new stake in Skeena Resources Limited (NYSE:SKE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 121,177 shares of the company's stock, valued at approximately $3,229,000. Caisse de depot et placement du Quebec owned 0.10% of Skeena Resources as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in Skeena Resources by 41.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company's stock valued at $37,000 after buying an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Skeena Resources during the 4th quarter worth $43,000. PNC Financial Services Group Inc. boosted its holdings in Skeena Resources by 431.1% during the third 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 period. Russell Investments Group Ltd. bought a new stake in Skeena Resources during the fourth quarter valued at about $45,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Skeena Resources in the first quarter valued at about $89,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.
Skeena Resources Price Performance
Shares of Skeena Resources stock opened at $33.16 on Friday. The firm has a market cap of $4.13 billion, a P/E ratio of -22.11 and a beta of 1.14. The firm's 50-day simple moving average is $29.20 and its 200-day simple moving average is $30.45. Skeena Resources Limited has a twelve month low of $15.43 and a twelve month high of $38.77. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15.
Skeena Resources (NYSE:SKE - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.10). As a group, research analysts expect that Skeena Resources Limited will post -1.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on SKE shares. Wall Street Zen raised Skeena Resources from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Skeena Resources in a research report on Friday, July 17th. Finally, Zacks Research raised shares of Skeena Resources from a "strong sell" rating to a "hold" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on SKE
About Skeena Resources
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skeena Resources Limited (NYSE:SKE - Free Report).
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