Quantbot Technologies LP purchased a new position in shares of Skeena Resources Limited (NYSE:SKE – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 17,920 shares of the company’s stock, valued at approximately $478,000.
Other large investors have also made changes to their positions in the company. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Skeena Resources in the second quarter valued at about $4,931,000. K.J. Harrison & Partners Inc purchased a new stake in Skeena Resources during the second quarter worth about $532,000. BlackRock Inc. acquired a new position in Skeena Resources during the second quarter worth about $655,000. Deutsche Bank AG acquired a new position in Skeena Resources during the second quarter worth about $5,795,000. Finally, Alberta Investment Management Corp purchased a new position in Skeena Resources in the second quarter valued at about $7,523,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SKE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. Wall Street Zen upgraded Skeena Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research raised Skeena Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Skeena Resources has a consensus rating of “Moderate Buy”.
Skeena Resources Stock Performance
Skeena Resources stock opened at $33.16 on Friday. Skeena Resources Limited has a fifty-two week low of $15.43 and a fifty-two week high of $38.77. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -22.11 and a beta of 1.14. The stock has a fifty day moving average of $29.20 and a two-hundred day moving average of $30.45. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15.
Skeena Resources (NYSE:SKE – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.10). On average, analysts anticipate that Skeena Resources Limited will post -1.22 EPS for the current fiscal year.
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.
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