Skeena Resources Limited (NYSE:SKE - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as $12.80 and last traded at $12.58, with a volume of 1272 shares trading hands. The stock had previously closed at $12.31.
Analysts Set New Price Targets
Separately, Raymond James reissued a "strong-buy" rating on shares of Skeena Resources in a research note on Friday, April 4th.
Check Out Our Latest Report on SKE
Skeena Resources Trading Down 2.8 %
The company has a market cap of $1.38 billion, a P/E ratio of -8.83 and a beta of 1.22. The stock's 50-day moving average price is $10.38 and its 200-day moving average price is $9.79.
Hedge Funds Weigh In On Skeena Resources
A number of large investors have recently modified their holdings of SKE. Helikon Investments Ltd lifted its stake in shares of Skeena Resources by 316.1% in the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company's stock valued at $77,873,000 after buying an additional 6,784,027 shares in the last quarter. Amundi increased its holdings in Skeena Resources by 9.8% during the 4th quarter. Amundi now owns 1,219,300 shares of the company's stock worth $11,632,000 after purchasing an additional 109,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 holdings in shares of Skeena Resources by 5.1% in the fourth quarter. Sprott Inc. now owns 1,109,950 shares of the company's stock valued at $9,674,000 after purchasing an additional 54,242 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Skeena Resources by 4,414.9% during the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company's stock valued at $6,836,000 after buying an additional 766,600 shares during the last quarter. 45.15% of the stock is currently owned by institutional investors.
About Skeena Resources
(
Get 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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