Two Sigma Investments LP Acquires 81,400 Shares of Skeena Resources Limited (NYSE:SKE)

Two Sigma Investments LP lifted its holdings in Skeena Resources Limited (NYSE:SKE - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

Other institutional investors have also recently made changes to their positions in the company. Amundi lifted its stake in Skeena Resources by 9.8% in the fourth quarter. Amundi now owns 1,219,300 shares of the company's stock worth $11,632,000 after purchasing an additional 109,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Skeena Resources by 5.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,156,738 shares of the company's stock worth $10,046,000 after purchasing an additional 60,838 shares during the last quarter. Sprott Inc. lifted its stake in Skeena Resources by 5.1% in the fourth 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 during the last quarter. Invesco Ltd. lifted its stake in Skeena Resources by 4,414.9% in the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company's stock worth $6,836,000 after purchasing an additional 766,600 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Skeena Resources in the fourth quarter worth about $4,549,000. Institutional investors own 45.15% of the company's stock.

Skeena Resources Trading Up 1.6%

Shares of Skeena Resources stock traded up $0.20 on Friday, hitting $12.79. 240,956 shares of the company traded hands, compared to its average volume of 390,968. The stock's 50 day moving average price is $11.38 and its 200-day moving average price is $10.27. Skeena Resources Limited has a 52 week low of $4.10 and a 52 week high of $13.15. The company has a market cap of $1.46 billion, a PE ratio of -9.34 and a beta of 1.20.

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

Wall Street Analyst Weigh In

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

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.