Bank of Montreal Can Sells 197,641 Shares of Skeena Resources Limited (NYSE:SKE)

Bank of Montreal Can cut its holdings in Skeena Resources Limited (NYSE:SKE - Free Report) by 75.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,532 shares of the company's stock after selling 197,641 shares during the quarter. Bank of Montreal Can owned about 0.06% of Skeena Resources worth $569,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Helikon Investments Ltd lifted 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 last quarter. JPMorgan Chase & Co. bought a new position in shares of Skeena Resources in the fourth quarter valued at approximately $4,549,000. Raymond James Financial Inc. acquired a new stake in shares of Skeena Resources in the fourth quarter worth $1,342,000. Amundi boosted its holdings in shares of 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 buying an additional 109,300 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Skeena Resources by 90.1% during the 3rd quarter. Jane Street Group LLC now owns 138,453 shares of the company's stock worth $1,176,000 after buying an additional 65,627 shares during the period. 45.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James reissued a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th.

Skeena Resources Trading Down 2.6 %

NYSE:SKE traded down $0.33 during mid-day trading on Friday, hitting $12.13. 54,956 shares of the company's stock traded hands, compared to its average volume of 377,336. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -8.84 and a beta of 1.22. The firm has a 50 day moving average of $10.36 and a two-hundred day moving average of $9.76. Skeena Resources Limited has a 12 month low of $4.10 and a 12 month high of $12.76.

Skeena Resources 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.