71,166 Shares in Skeena Resources Limited $SKE Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Skeena Resources Limited, purchasing 71,166 shares valued at approximately $717,000.
• Skeena Resources has recently received mixed opinions from analysts, with one firm upgrading to a "buy" rating while another downgraded to a "sell," leading to a current consensus rating of "Buy."
• The company's stock opened at $17.18 and has seen a 52-week range between $7.22 and $17.65, with a market cap of $1.97 billion.

Nuveen LLC purchased a new position in Skeena Resources Limited (NYSE:SKE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 71,166 shares of the company's stock, valued at approximately $717,000. Nuveen LLC owned about 0.06% of Skeena Resources as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKE. Tower Research Capital LLC TRC boosted its position in shares of Skeena Resources by 2,067.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock worth $51,000 after purchasing an additional 5,541 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Skeena Resources during the fourth quarter worth $128,000. Bank of America Corp DE boosted its position in shares of Skeena Resources by 80.3% during the fourth quarter. Bank of America Corp DE now owns 307,838 shares of the company's stock worth $2,684,000 after purchasing an additional 137,134 shares in the last quarter. Eagle Global Advisors LLC bought a new position in shares of Skeena Resources during the fourth quarter worth $112,000. Finally, Graham Capital Management L.P. bought a new position in shares of Skeena Resources during the fourth quarter worth $135,000. 45.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen cut shares of Skeena Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd. Finally, TD Securities assumed coverage on shares of Skeena Resources in a research report on Tuesday, August 12th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

Skeena Resources Trading Up 0.6%

Shares of Skeena Resources stock traded up $0.11 during trading on Tuesday, hitting $17.64. 68,440 shares of the stock were exchanged, compared to its average volume of 417,793. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -16.22 and a beta of 1.26. The company has a fifty day moving average price of $15.79 and a 200-day moving average price of $13.21. Skeena Resources Limited has a 1-year low of $7.32 and a 1-year high of $17.89.

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 for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.90 million. Equities research analysts forecast that Skeena Resources Limited will post -0.98 EPS for the current fiscal year.

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.