Helikon Investments Ltd acquired a new position in Skeena Resources Limited (NYSE:SKE - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,146,397 shares of the company's stock, valued at approximately $18,159,000. Skeena Resources accounts for approximately 1.6% of Helikon Investments Ltd's investment portfolio, making the stock its 11th biggest position. Helikon Investments Ltd owned approximately 2.01% of Skeena Resources as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKE. Goehring & Rozencwajg Associates LLC boosted 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 worth $7,888,000 after buying an additional 273,300 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Skeena Resources during the second quarter worth about $2,682,000. Bank of Montreal Can boosted its holdings in Skeena Resources by 16.6% during the second quarter. Bank of Montreal Can now owns 313,185 shares of the company's stock worth $1,681,000 after buying an additional 44,519 shares during the last quarter. Marshall Wace LLP boosted its holdings in Skeena Resources by 318.8% during 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. Finally, TD Asset Management Inc bought a new position in shares of Skeena Resources during the 2nd quarter valued at about $405,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.
Skeena Resources Trading Down 3.0 %
Shares of NYSE:SKE traded down $0.30 during trading on Thursday, hitting $9.72. 438,100 shares of the company's stock traded hands, compared to its average volume of 308,404. Skeena Resources Limited has a 52 week low of $3.05 and a 52 week high of $10.33. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -8.68 and a beta of 1.37. The company has a 50-day moving average price of $8.69 and a 200-day moving average price of $6.59.
Skeena Resources (NYSE:SKE - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.22). On average, analysts predict that Skeena Resources Limited will post -0.8 earnings per share for the current fiscal year.
Skeena Resources 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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