TD Asset Management Inc Grows Holdings in Skeena Resources Limited (NYSE:SKE)

TD Asset Management Inc increased its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 28.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,285,382 shares of the company's stock after buying an additional 288,312 shares during the period. TD Asset Management Inc owned about 1.13% of Skeena Resources worth $12,959,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in Skeena Resources by 6.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 478,500 shares of the company's stock worth $4,826,000 after buying an additional 27,500 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of Skeena Resources by 237.5% in the first quarter. FNY Investment Advisers LLC now owns 13,500 shares of the company's stock worth $136,000 after purchasing an additional 9,500 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Skeena Resources by 4.3% in the fourth quarter. Mackenzie Financial Corp now owns 42,003 shares of the company's stock worth $365,000 after purchasing an additional 1,742 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Skeena Resources in the fourth quarter worth about $170,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Skeena Resources by 6.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,480 shares of the company's stock worth $597,000 after purchasing an additional 3,878 shares in the last quarter. Hedge funds and other institutional investors own 45.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Skeena Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. CIBC reiterated an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd.

Skeena Resources Stock Up 2.1%

NYSE:SKE traded up $0.29 during mid-day trading on Friday, hitting $14.37. 361,043 shares of the stock traded hands, compared to its average volume of 503,071. The business's 50-day moving average price is $14.98 and its 200 day moving average price is $12.18. The company has a market cap of $1.65 billion, a PE ratio of -12.50 and a beta of 1.24. Skeena Resources Limited has a 12-month low of $5.63 and a 12-month high of $17.25.

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

Skeena Resources Company 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.