JPMorgan Chase & Co. Invests $4.55 Million in Skeena Resources Limited (NYSE:SKE)

JPMorgan Chase & Co. acquired a new stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 521,630 shares of the company's stock, valued at approximately $4,549,000. JPMorgan Chase & Co. owned about 0.48% of Skeena Resources as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new position in Skeena Resources during the fourth quarter valued at approximately $31,000. FNY Investment Advisers LLC raised its holdings in Skeena Resources by 2,252.9% in the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company's stock worth $34,000 after buying an additional 3,830 shares during the last quarter. Howland Capital Management LLC purchased a new position in shares of Skeena Resources in the fourth quarter worth $96,000. Virtu Financial LLC bought a new stake in shares of Skeena Resources in the third quarter worth approximately $113,000. Finally, Barclays PLC boosted its stake in shares of Skeena Resources by 130.6% in the 3rd quarter. Barclays PLC now owns 29,696 shares of the company's stock worth $251,000 after buying an additional 16,819 shares during the last quarter. Hedge funds and other institutional investors own 45.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Skeena Resources Stock Performance

NYSE:SKE opened at $12.35 on Friday. The firm has a market capitalization of $1.41 billion, a PE ratio of -9.01 and a beta of 1.22. Skeena Resources Limited has a fifty-two week low of $4.10 and a fifty-two week high of $12.65. The stock's fifty day moving average is $10.25 and its 200 day moving average is $9.67.

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.

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