BTG Pactual Asset Management US LLC Acquires New Stake in Skeena Resources Limited $SKE

BTG Pactual Asset Management US LLC bought a new position in Skeena Resources Limited (NYSE:SKEFree Report) in the second quarter, HoldingsChannel.com reports. The firm bought 56,120 shares of the company’s stock, valued at approximately $1,496,000.

Other large investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new position in shares of Skeena Resources during the second quarter worth about $7,523,000. Royal Bank of Canada lifted its stake in Skeena Resources by 4.5% in the 1st quarter. Royal Bank of Canada now owns 1,291,911 shares of the company’s stock valued at $38,395,000 after acquiring an additional 55,463 shares in the last quarter. J. Goldman & Co LP acquired a new position in Skeena Resources during the 2nd quarter worth approximately $2,686,000. UBS Group AG grew its stake in shares of Skeena Resources by 25.4% during the 4th quarter. UBS Group AG now owns 1,290,071 shares of the company’s stock worth $30,613,000 after acquiring an additional 260,954 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Skeena Resources in the second quarter valued at approximately $5,795,000. Institutional investors own 45.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Finally, Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on SKE

Skeena Resources Price Performance

NYSE:SKE opened at $33.16 on Monday. Skeena Resources Limited has a 1-year low of $15.43 and a 1-year high of $38.77. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 5.66. The firm has a fifty day simple moving average of $29.20 and a 200 day simple moving average of $30.42. The stock has a market capitalization of $4.13 billion, a PE ratio of -22.11 and a beta of 1.14.

Skeena Resources (NYSE:SKEGet Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10). On average, research analysts expect that Skeena Resources Limited will post -1.22 EPS for the current fiscal year.

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.

Recommended Stories

Want to see what other hedge funds are holding SKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skeena Resources Limited (NYSE:SKEFree Report).

Institutional Ownership by Quarter for Skeena Resources (NYSE:SKE)

Receive News & Ratings for Skeena Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skeena Resources and related companies with MarketBeat.com's FREE daily email newsletter.