Armor Advisors L.L.C. purchased a new position in Skeena Resources Limited (NYSE:SKE – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 90,400 shares of the company’s stock, valued at approximately $2,145,000. Skeena Resources accounts for 1.9% of Armor Advisors L.L.C.’s portfolio, making the stock its 11th largest position.
Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in Skeena Resources by 431.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after buying an additional 1,940 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Skeena Resources during the first quarter valued at about $89,000. Advisory Services Network LLC acquired a new stake in shares of Skeena Resources during the third quarter valued at about $99,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Skeena Resources during the fourth quarter valued at about $119,000. Finally, Jain Global LLC acquired a new stake in shares of Skeena Resources during the third quarter valued at about $189,000. 45.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on SKE shares. Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Skeena Resources Stock Up 2.9%
NYSE SKE opened at $30.30 on Friday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of -20.06 and a beta of 1.13. Skeena Resources Limited has a 52 week low of $12.39 and a 52 week high of $38.77. The business has a 50 day moving average price of $30.49 and a 200-day moving average price of $28.34.
About Skeena Resources
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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