Two Sigma Advisers LP Has $1.34 Million Holdings in Skeena Resources Limited (NYSE:SKE)

Two Sigma Advisers LP lifted its holdings in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,725 shares of the company's stock after buying an additional 52,200 shares during the period. Two Sigma Advisers LP owned about 0.14% of Skeena Resources worth $1,340,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Howland Capital Management LLC bought a new stake in Skeena Resources during the fourth quarter worth about $96,000. Sprott Inc. raised its stake in shares of Skeena Resources by 5.1% during the 4th quarter. Sprott Inc. now owns 1,109,950 shares of the company's stock worth $9,674,000 after purchasing an additional 54,242 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Skeena Resources in the fourth quarter valued at $31,000. Raymond James Financial Inc. bought a new stake in Skeena Resources during the fourth quarter worth $1,342,000. Finally, PCJ Investment Counsel Ltd. grew its position in shares of Skeena Resources by 11.9% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 139,630 shares of the company's stock valued at $1,213,000 after acquiring an additional 14,840 shares during the period. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Stock Up 0.6%

Shares of NYSE SKE traded up $0.08 during mid-day trading on Wednesday, reaching $14.41. 387,747 shares of the company were exchanged, compared to its average volume of 392,334. The stock has a market capitalization of $1.65 billion, a P/E ratio of -10.52 and a beta of 1.20. The company's 50-day simple moving average is $11.62 and its 200-day simple moving average is $10.38. Skeena Resources Limited has a twelve month low of $4.10 and a twelve month high of $14.65.

Skeena Resources (NYSE:SKE - Get Free Report) last issued 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, equities research analysts expect that Skeena Resources Limited will post -0.98 EPS for the current year.

Analyst Ratings Changes

SKE has been the subject of several recent analyst reports. CIBC reiterated an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd. Raymond James reiterated a "strong-buy" rating on shares of Skeena Resources in a research note on Friday, April 4th. Finally, Wall Street Zen lowered Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.