Skeena Resources Limited $SKE Position Increased by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 45.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 398,139 shares of the company's stock after purchasing an additional 124,257 shares during the period. Bank of America Corp DE owned 0.33% of Skeena Resources worth $11,833,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SKE. Rockefeller Capital Management L.P. grew its position in shares of Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company's stock valued at $37,000 after buying an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Skeena Resources in the fourth quarter worth about $43,000. Russell Investments Group Ltd. acquired a new position in Skeena Resources in the fourth quarter valued at approximately $45,000. PNC Financial Services Group Inc. boosted its stake in Skeena Resources by 431.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company's stock valued at $44,000 after acquiring an additional 1,940 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Skeena Resources during the fourth quarter valued at approximately $98,000. 45.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SKE has been the topic of several recent research reports. Wall Street Zen raised Skeena Resources from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Zacks Research upgraded Skeena Resources from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Skeena Resources in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Skeena Resources Price Performance

NYSE SKE opened at $34.88 on Friday. Skeena Resources Limited has a 12 month low of $14.85 and a 12 month high of $38.77. The firm has a market capitalization of $4.34 billion, a PE ratio of -23.25 and a beta of 1.14. The company's 50 day simple moving average is $28.70 and its 200 day simple moving average is $30.30. The company has a debt-to-equity ratio of 5.66, a current ratio of 3.15 and a quick ratio of 3.15.

Skeena Resources (NYSE:SKE - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.10). As a group, equities research analysts forecast that Skeena Resources Limited will post -1.22 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.

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