Van ECK Associates Corp Has $87.40 Million Stake in Skeena Resources Limited $SKE

Key Points

• VanECK Associates Corp increased its stake by 16.5% and now owns 4,741,607 shares of Skeena (about 3.92%) valued at approximately $87.40 million.
• Institutional investors own 45.15% of the stock, with several funds recently boosting or initiating positions (e.g., PNC, Quantbot, Cubist), indicating rising institutional interest.
• Skeena holds a consensus rating of Moderate Buy (1 Strong Buy, 4 Buy, 1 Sell); shares opened at $34.20, market cap ~$4.15 billion, 52‑week range $8.53–$38.77, and a negative P/E of -46.85.

Van ECK Associates Corp grew its position in Skeena Resources Limited (NYSE:SKE - Free Report) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,741,607 shares of the company's stock after purchasing an additional 670,200 shares during the period. Van ECK Associates Corp owned about 3.92% of Skeena Resources worth $87,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in Skeena Resources by 431.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company's stock worth $44,000 after acquiring an additional 1,940 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Skeena Resources in the first quarter worth approximately $89,000. Cutler Capital Management LLC bought a new stake in shares of Skeena Resources during the 2nd quarter worth $167,000. XTX Topco Ltd purchased a new position in shares of Skeena Resources in the 2nd quarter worth about $191,000. Finally, Quantbot Technologies LP boosted its stake in Skeena Resources by 40.5% in the second quarter. Quantbot Technologies LP now owns 13,077 shares of the company's stock worth $208,000 after buying an additional 3,767 shares in the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Skeena Resources from a "sell" rating to a "hold" rating in a research report on Sunday, January 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Skeena Resources in a report on Wednesday, January 21st. Scotiabank reaffirmed an "outperform" rating on shares of Skeena Resources in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Skeena Resources currently has a consensus rating of "Moderate Buy".

Skeena Resources Stock Up 2.1%

Shares of SKE opened at $34.20 on Wednesday. The business has a 50-day simple moving average of $30.98 and a two-hundred day simple moving average of $23.26. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of -46.85 and a beta of 1.17. Skeena Resources Limited has a 52 week low of $8.53 and a 52 week high of $38.77.

Skeena Resources 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.

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