FMR LLC trimmed its position in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 20.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,304,400 shares of the company's stock after selling 345,000 shares during the quarter. FMR LLC owned 1.21% of Skeena Resources worth $11,082,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skeena Resources during the third quarter worth approximately $93,000. Pinnacle Wealth Management Group Inc. purchased a new stake in Skeena Resources in the 3rd quarter valued at $110,000. Mackenzie Financial Corp purchased a new stake in Skeena Resources in the 2nd quarter valued at $179,000. Pekin Hardy Strauss Inc. purchased a new stake in Skeena Resources in the 3rd quarter valued at $357,000. Finally, Corundum Trust Company INC purchased a new stake in Skeena Resources in the 2nd quarter valued at $350,000. 45.15% of the stock is owned by institutional investors and hedge funds.
Skeena Resources Trading Down 4.3 %
Shares of SKE stock traded down $0.41 on Thursday, hitting $9.06. 333,889 shares of the stock were exchanged, compared to its average volume of 314,551. The firm has a market capitalization of $972.72 million, a PE ratio of -6.91 and a beta of 1.27. Skeena Resources Limited has a one year low of $3.29 and a one year high of $10.33. The firm's 50 day moving average is $9.13 and its two-hundred day moving average is $7.44.
Analyst Upgrades and Downgrades
Separately, Desjardins raised Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st.
Get Our Latest Report on SKE
About Skeena Resources
(
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.
Featured Articles
Before you consider Skeena Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skeena Resources wasn't on the list.
While Skeena Resources currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
