Connor Clark & Lunn Investment Management Ltd. raised its position in Skeena Resources Limited (NYSE:SKE - Free Report) by 207.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,095,900 shares of the company's stock after purchasing an additional 739,550 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.02% of Skeena Resources worth $9,309,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SKE. Helikon Investments Ltd acquired a new position in Skeena Resources in the third quarter worth approximately $18,159,000. Van ECK Associates Corp boosted its holdings in Skeena Resources by 16.1% in the third quarter. Van ECK Associates Corp now owns 5,012,498 shares of the company's stock worth $42,406,000 after purchasing an additional 693,745 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Skeena Resources during the second quarter worth $2,682,000. Goehring & Rozencwajg Associates LLC raised its holdings in Skeena Resources by 22.8% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company's stock valued at $7,888,000 after buying an additional 273,300 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Skeena Resources by 318.8% in the second quarter. Marshall Wace LLP now owns 172,952 shares of the company's stock worth $929,000 after buying an additional 131,657 shares during the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Desjardins raised Skeena Resources to a "moderate buy" rating in a research note on Thursday, October 31st.
Read Our Latest Analysis on SKE
Skeena Resources Price Performance
Shares of NYSE SKE traded up $0.34 during trading hours on Friday, hitting $9.34. 348,022 shares of the stock were exchanged, compared to its average volume of 312,997. The firm has a market capitalization of $1.00 billion, a P/E ratio of -6.57 and a beta of 1.33. Skeena Resources Limited has a one year low of $3.29 and a one year high of $10.33. The company's 50 day moving average is $8.96 and its 200 day moving average is $7.00.
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.
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