Skeena Resources Limited (NYSE:SKE) Shares Bought by Helikon Investments Ltd

Key Points

• Helikon Investments Ltd increased its stake in Skeena Resources Limited by 33.4%, making it the firm's 4th largest holding, amounting to approximately 11.9 million shares.
• Recent analysts' ratings show mixed sentiments, with CIBC maintaining an "outperform" rating while Wall Street Zen downgraded Skeena Resources from "hold" to "sell."
• Skeena Resources reported a loss of ($0.06) earnings per share for the last quarter, which was lower than the consensus estimate of ($0.03).

Helikon Investments Ltd increased its stake in Skeena Resources Limited (NYSE:SKE - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,917,315 shares of the company's stock after purchasing an additional 2,986,891 shares during the quarter. Skeena Resources makes up 9.2% of Helikon Investments Ltd's investment portfolio, making the stock its 4th largest holding. Helikon Investments Ltd owned approximately 10.44% of Skeena Resources worth $120,246,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Skeena Resources by 2,067.5% during the 4th 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 during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Skeena Resources during the 4th quarter worth approximately $89,000. Banque Cantonale Vaudoise acquired a new position in shares of Skeena Resources in the 1st quarter valued at $91,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Skeena Resources during the 1st quarter worth about $101,000. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Skeena Resources during the 4th quarter valued at about $112,000. Institutional investors own 45.15% of the company's stock.

Skeena Resources Stock Performance

SKE traded up $0.05 during midday trading on Tuesday, hitting $15.82. The company had a trading volume of 266,920 shares, compared to its average volume of 417,876. Skeena Resources Limited has a twelve month low of $7.07 and a twelve month high of $17.25. The firm's 50-day simple moving average is $15.31 and its 200-day simple moving average is $12.45. The company has a market capitalization of $1.82 billion, a PE ratio of -13.76 and a beta of 1.24.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SKE shares. Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. CIBC reiterated an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd. Finally, TD Securities started coverage on shares of Skeena Resources in a research note on Tuesday. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.