Invesco Ltd. boosted its position in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 4,414.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 783,964 shares of the company's stock after buying an additional 766,600 shares during the quarter. Invesco Ltd. owned approximately 0.73% of Skeena Resources worth $6,836,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Helikon Investments Ltd raised its holdings in Skeena Resources by 316.1% in the 4th quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company's stock worth $77,873,000 after purchasing an additional 6,784,027 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Skeena Resources in the fourth quarter valued at approximately $4,549,000. Raymond James Financial Inc. acquired a new position in shares of Skeena Resources during the 4th quarter worth approximately $1,342,000. Amundi lifted its position in shares of Skeena Resources by 9.8% during the 4th quarter. Amundi now owns 1,219,300 shares of the company's stock valued at $11,632,000 after buying an additional 109,300 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Skeena Resources by 90.1% in the 3rd quarter. Jane Street Group LLC now owns 138,453 shares of the company's stock worth $1,176,000 after acquiring an additional 65,627 shares in the last quarter. Institutional investors and hedge funds own 45.15% of the company's stock.
Skeena Resources Trading Up 1.5 %
NYSE:SKE traded up $0.18 during trading hours on Wednesday, hitting $11.94. 178,825 shares of the stock were exchanged, compared to its average volume of 379,397. The company has a market cap of $1.36 billion, a P/E ratio of -8.72 and a beta of 1.22. The firm's fifty day moving average price is $10.48 and its 200 day moving average price is $9.86. Skeena Resources Limited has a 52-week low of $4.10 and a 52-week high of $12.76.
Analysts Set New Price Targets
Separately, Raymond James reaffirmed a "strong-buy" rating on shares of Skeena Resources in a report on Friday, April 4th.
View Our Latest Analysis on Skeena Resources
Skeena Resources Company Profile
(
Free Report)
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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