Public Employees Retirement System of Ohio Buys Shares of 19,544 Skeena Resources Limited (NYSE:SKE)

Public Employees Retirement System of Ohio bought a new stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,544 shares of the company's stock, valued at approximately $170,000.

A number of other large investors also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Skeena Resources by 6.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,480 shares of the company's stock valued at $597,000 after purchasing an additional 3,878 shares during the period. Two Sigma Advisers LP raised its position in shares of Skeena Resources by 51.4% in the 4th quarter. Two Sigma Advisers LP now owns 153,725 shares of the company's stock valued at $1,340,000 after acquiring an additional 52,200 shares during the period. Two Sigma Investments LP raised its position in shares of Skeena Resources by 29.4% in the 4th quarter. Two Sigma Investments LP now owns 358,221 shares of the company's stock valued at $3,124,000 after acquiring an additional 81,400 shares during the period. Graham Capital Management L.P. bought a new position in Skeena Resources during the 4th quarter worth approximately $135,000. Finally, Eagle Global Advisors LLC acquired a new position in Skeena Resources during the fourth quarter valued at approximately $112,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Stock Up 3.2%

NYSE:SKE opened at $14.88 on Friday. Skeena Resources Limited has a twelve month low of $4.10 and a twelve month high of $15.20. The business has a 50 day moving average price of $11.71 and a two-hundred day moving average price of $10.43. The company has a market cap of $1.70 billion, a P/E ratio of -10.86 and a beta of 1.19.

Skeena Resources (NYSE:SKE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). As a group, analysts anticipate that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SKE shares. Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Raymond James reiterated a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th. Finally, CIBC reissued an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd.

Skeena Resources Profile

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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