Skeena Resources Limited (NYSE:SKE) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,012,498 shares of the company's stock after buying an additional 693,745 shares during the period. Van ECK Associates Corp owned 4.70% of Skeena Resources worth $42,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Helikon Investments Ltd bought a new stake in shares of Skeena Resources in the 3rd quarter valued at approximately $18,159,000. Allspring Global Investments Holdings LLC purchased a new stake in Skeena Resources during the second quarter valued at approximately $2,682,000. Goehring & Rozencwajg Associates LLC grew its stake in Skeena Resources by 22.8% during the 2nd 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. Marshall Wace LLP increased its holdings in shares of Skeena Resources by 318.8% during the second quarter. Marshall Wace LLP now owns 172,952 shares of the company's stock valued at $929,000 after acquiring an additional 131,657 shares in the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Skeena Resources during the second quarter valued at $405,000. 45.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded shares of Skeena Resources to a "moderate buy" rating in a research note on Thursday.

Skeena Resources Stock Down 1.2 %

SKE traded down $0.12 during trading on Monday, reaching $9.48. The company's stock had a trading volume of 214,242 shares, compared to its average volume of 307,382. Skeena Resources Limited has a 1 year low of $3.05 and a 1 year high of $10.33. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -8.46 and a beta of 1.33. The firm has a fifty day simple moving average of $8.73 and a two-hundred day simple moving average of $6.66.

Skeena Resources (NYSE:SKE - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.22). As a group, equities analysts forecast that Skeena Resources Limited will post -0.8 EPS for the current fiscal year.

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.