Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 31.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,524,038 shares of the company's stock after purchasing an additional 367,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.34% of Skeena Resources worth $15,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SKE. JPMorgan Chase & Co. purchased a new stake in Skeena Resources during the fourth quarter valued at approximately $4,549,000. Invesco Ltd. raised its position in Skeena Resources by 4,414.9% during the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company's stock valued at $6,836,000 after purchasing an additional 766,600 shares during the period. Legal & General Group Plc raised its position in Skeena Resources by 12.0% during the fourth quarter. Legal & General Group Plc now owns 78,672 shares of the company's stock valued at $684,000 after purchasing an additional 8,428 shares during the period. Raymond James Financial Inc. purchased a new stake in Skeena Resources during the fourth quarter valued at approximately $1,342,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Skeena Resources by 2,067.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock worth $51,000 after buying an additional 5,541 shares during the period. 45.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on SKE shares. TD Securities started coverage on Skeena Resources in a research report on Tuesday. They set a "buy" rating on the stock. CIBC reissued an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".
Read Our Latest Report on Skeena Resources
Skeena Resources Stock Down 2.1%
NYSE SKE traded down $0.33 on Friday, reaching $15.32. The stock had a trading volume of 100,346 shares, compared to its average volume of 413,684. Skeena Resources Limited has a 12-month low of $7.22 and a 12-month high of $17.25. The stock has a fifty day moving average price of $15.39 and a two-hundred day moving average price of $12.54. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -13.32 and a beta of 1.24.
Skeena Resources (NYSE:SKE - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Sell-side analysts forecast that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.
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.
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