Caprock Group LLC acquired a new stake in Skeena Resources Limited (NYSE:SKE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 124,566 shares of the company's stock, valued at approximately $2,956,000. Caprock Group LLC owned approximately 0.10% of Skeena Resources as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Intact Investment Management Inc. purchased a new position in shares of Skeena Resources in the third quarter valued at about $1,597,000. Allspring Global Investments Holdings LLC lifted its position in shares of Skeena Resources by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 757,000 shares of the company's stock valued at $13,938,000 after acquiring an additional 150,000 shares in the last quarter. Sprott Inc. lifted its position in shares of Skeena Resources by 16.5% in the third quarter. Sprott Inc. now owns 1,330,589 shares of the company's stock valued at $24,517,000 after acquiring an additional 188,366 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Skeena Resources by 941.8% in the third quarter. CIBC Asset Management Inc now owns 106,114 shares of the company's stock valued at $1,952,000 after acquiring an additional 95,928 shares in the last quarter. Finally, Forge First Asset Management Inc. purchased a new position in shares of Skeena Resources in the third quarter valued at about $7,370,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.
Skeena Resources Trading Down 0.5%
NYSE:SKE opened at $31.63 on Friday. The company has a market capitalization of $3.85 billion, a P/E ratio of -27.99 and a beta of 1.27. Skeena Resources Limited has a 12 month low of $10.92 and a 12 month high of $38.77. The business's 50-day moving average is $32.08 and its 200 day moving average is $26.19.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Skeena Resources in a research report on Monday. Scotiabank reiterated an "outperform" rating on shares of Skeena Resources in a research report on Monday, January 26th. Wall Street Zen downgraded Skeena Resources from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Skeena Resources in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".
View Our Latest Stock Analysis 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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