PCJ Investment Counsel Ltd. decreased its position in Skeena Resources Limited (NYSE:SKE - Free Report) by 58.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 124,790 shares of the company's stock after selling 178,370 shares during the period. PCJ Investment Counsel Ltd. owned about 0.12% of Skeena Resources worth $1,060,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in shares of Skeena Resources by 16.1% in the 3rd quarter. Van ECK Associates Corp now owns 5,012,498 shares of the company's stock worth $42,406,000 after purchasing an additional 693,745 shares during the last quarter. Helikon Investments Ltd bought a new stake in shares of Skeena Resources in the 3rd quarter valued at approximately $18,159,000. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Skeena Resources by 22.8% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company's stock worth $7,888,000 after acquiring an additional 273,300 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Skeena Resources during the 2nd quarter worth $2,682,000. Finally, Bank of Montreal Can increased its position in shares of Skeena Resources by 16.6% in the 2nd quarter. Bank of Montreal Can now owns 313,185 shares of the company's stock valued at $1,681,000 after buying an additional 44,519 shares in the last quarter. 45.15% of the stock is currently owned by hedge funds and other institutional investors.
Skeena Resources Trading Down 1.3 %
Shares of SKE stock traded down $0.11 during mid-day trading on Wednesday, reaching $8.60. The stock had a trading volume of 303,880 shares, compared to its average volume of 313,010. The stock's 50-day moving average price is $8.94 and its two-hundred day moving average price is $6.98. The firm has a market capitalization of $923.33 million, a PE ratio of -6.36 and a beta of 1.33. Skeena Resources Limited has a 52-week low of $3.29 and a 52-week high of $10.33.
Analyst Upgrades and Downgrades
Separately, Desjardins raised shares of Skeena Resources to a "moderate buy" rating in a research note on Thursday, October 31st.
Check Out Our Latest Stock Analysis on SKE
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.
Further Reading
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
