Intact Investment Management Inc. Has $3.73 Million Stock Holdings in Skeena Resources Limited $SKE

Key Points

• Intact Investment Management increased its stake in Skeena Resources by 81.3% in Q4 to 157,200 shares, worth about $3.73 million and representing roughly 0.13% of the company.
• Skeena Resources (SKE) opened at $29.39, has a market capitalization of about $3.58 billion, a negative P/E of -26.01, and a 52-week range of $10.92–$38.77.
• Analyst views are mixed but mildly favorable: the consensus rating is Moderate Buy (1 Strong Buy, 4 Buy, 1 Sell), though some firms have recently issued Sell downgrades while others reaffirmed Outperform/Buy ratings.

Intact Investment Management Inc. lifted its position in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 81.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,200 shares of the company's stock after purchasing an additional 70,500 shares during the period. Intact Investment Management Inc. owned 0.13% of Skeena Resources worth $3,734,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake 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 worth $44,000 after purchasing an additional 1,940 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Skeena Resources during the 4th quarter worth about $119,000. Advisory Services Network LLC acquired a new position in shares of Skeena Resources during the 3rd quarter worth about $99,000. Cubist Systematic Strategies LLC acquired a new position in shares of Skeena Resources during the 1st quarter worth about $89,000. Finally, Georgetown University acquired a new position in shares of Skeena Resources during the 4th quarter worth about $226,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Stock Performance

Shares of SKE stock opened at $29.39 on Tuesday. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -26.01 and a beta of 1.13. The company has a 50-day simple moving average of $31.82 and a 200 day simple moving average of $26.60. Skeena Resources Limited has a 52 week low of $10.92 and a 52 week high of $38.77.

Analyst Ratings Changes

Several research analysts have recently weighed in on SKE shares. Scotiabank restated an "outperform" rating on shares of Skeena Resources in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Skeena Resources in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Skeena Resources in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Skeena Resources from a "hold" rating to a "sell" rating in a report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Skeena Resources has a consensus rating of "Moderate Buy".

About Skeena Resources

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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