Shares of Skeena Resources Limited (NYSE:SKE - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $11.74 and last traded at $11.49, with a volume of 813294 shares traded. The stock had previously closed at $10.28.
Analysts Set New Price Targets
Separately, Desjardins upgraded shares of Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st.
Get Our Latest Analysis on SKE
Skeena Resources Price Performance
The stock has a 50 day moving average price of $9.49 and a two-hundred day moving average price of $8.70.
Institutional Trading of Skeena Resources
A number of hedge funds have recently modified their holdings of the company. Pinnacle Wealth Management Group Inc. acquired a new position in shares of Skeena Resources in the 3rd quarter valued at $110,000. Helikon Investments Ltd acquired a new position in shares of Skeena Resources in the 3rd quarter valued at approximately $18,159,000. Van ECK Associates Corp raised its holdings in Skeena Resources by 16.1% during the 3rd quarter. Van ECK Associates Corp now owns 5,012,498 shares of the company's stock worth $42,406,000 after buying an additional 693,745 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Skeena Resources by 207.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,095,900 shares of the company's stock valued at $9,309,000 after buying an additional 739,550 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of Skeena Resources during the third quarter worth $357,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.
About Skeena Resources
(
Get 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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