Skeena Resources Limited (NYSE:SKE - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $7.86, but opened at $8.18. Skeena Resources shares last traded at $8.34, with a volume of 39,695 shares trading hands.
Wall Street Analyst Weigh In
Separately, Desjardins raised Skeena Resources to a "moderate buy" rating in a research note on Thursday, October 31st.
Read Our Latest Stock Analysis on Skeena Resources
Skeena Resources Price Performance
The stock has a market cap of $914.71 million, a price-to-earnings ratio of -6.22 and a beta of 1.33. The stock's 50-day moving average is $8.92 and its 200-day moving average is $6.95.
Hedge Funds Weigh In On Skeena Resources
A number of hedge funds have recently made changes to their positions in SKE. Goehring & Rozencwajg Associates LLC lifted its holdings in 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 buying an additional 273,300 shares in the last quarter. Helikon Investments Ltd acquired a new stake in Skeena Resources in the 3rd quarter valued at approximately $18,159,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Skeena Resources during the second quarter valued at about $2,682,000. Van ECK Associates Corp raised its position in shares of 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 in the last quarter. Finally, TD Asset Management Inc bought a new stake in Skeena Resources during the second quarter worth approximately $405,000. Hedge funds and other institutional investors own 45.15% of the company's stock.
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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