Franklin Resources Inc. Has $30.79 Million Stock Holdings in Skeena Resources Limited (NYSE:SKE)

Franklin Resources Inc. trimmed its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,419,150 shares of the company's stock after selling 218,000 shares during the quarter. Franklin Resources Inc. owned 3.18% of Skeena Resources worth $30,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Skeena Resources during the 3rd quarter valued at about $43,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Skeena Resources during the third quarter worth approximately $93,000. Pinnacle Wealth Management Group Inc. acquired a new stake in shares of Skeena Resources during the third quarter worth approximately $110,000. Virtu Financial LLC bought a new position in shares of Skeena Resources in the third quarter valued at approximately $113,000. Finally, XTX Topco Ltd acquired a new position in shares of Skeena Resources in the 3rd quarter worth approximately $215,000. 45.15% of the stock is currently owned by institutional investors.

Skeena Resources Trading Up 0.3 %

NYSE SKE traded up $0.03 on Thursday, hitting $8.90. 489,028 shares of the company were exchanged, compared to its average volume of 315,490. Skeena Resources Limited has a 1-year low of $3.29 and a 1-year high of $10.33. The firm has a 50 day moving average of $9.22 and a two-hundred day moving average of $7.62. The company has a market cap of $955.54 million, a P/E ratio of -6.50 and a beta of 1.26.

Analysts Set New Price Targets

Separately, Desjardins raised Skeena Resources to a "moderate buy" rating in a report on Thursday, October 31st.

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.