Two Sigma Investments LP Has $3.12 Million Stake in Skeena Resources Limited (NYSE:SKE)

Two Sigma Investments LP raised its holdings in Skeena Resources Limited (NYSE:SKE - Free Report) by 29.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 358,221 shares of the company's stock after acquiring an additional 81,400 shares during the period. Two Sigma Investments LP owned 0.33% of Skeena Resources worth $3,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Skeena Resources in the 4th quarter valued at about $31,000. Tower Research Capital LLC TRC lifted its position in shares of Skeena Resources by 2,067.5% during the fourth 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 bought a new position in shares of Skeena Resources during the fourth quarter worth about $89,000. Howland Capital Management LLC bought a new position in Skeena Resources in the fourth quarter worth about $96,000. Finally, Eagle Global Advisors LLC bought a new position in Skeena Resources in the fourth quarter worth about $112,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on SKE shares. Wall Street Zen cut shares of Skeena Resources from a "hold" rating to a "sell" rating in a report 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, CIBC reiterated an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd.

Skeena Resources Stock Up 5.7%

Shares of NYSE:SKE traded up $0.78 during trading on Tuesday, reaching $14.35. 575,131 shares of the company traded hands, compared to its average volume of 392,123. The firm has a fifty day simple moving average of $11.53 and a 200 day simple moving average of $10.35. The firm has a market cap of $1.64 billion, a P/E ratio of -10.47 and a beta of 1.20. Skeena Resources Limited has a 1-year low of $4.10 and a 1-year high of $14.43.

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