UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $547,000 Position in Skeena Resources Limited (NYSE:SKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 64,602 shares of the company's stock, valued at approximately $547,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Skeena Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised 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 valued at $42,406,000 after acquiring an additional 693,745 shares in the last quarter. Helikon Investments Ltd bought a new position in shares of Skeena Resources in the third quarter worth approximately $18,159,000. Goehring & Rozencwajg Associates LLC raised its stake in Skeena Resources by 22.8% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company's stock valued at $7,888,000 after purchasing an additional 273,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Skeena Resources by 207.5% during 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 purchasing an additional 739,550 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Skeena Resources in the 2nd quarter worth approximately $2,682,000. Institutional investors own 45.15% of the company's stock.

Skeena Resources Price Performance

SKE stock traded up $0.15 during mid-day trading on Friday, hitting $9.05. 252,567 shares of the stock were exchanged, compared to its average volume of 315,234. The stock has a market capitalization of $971.64 million, a price-to-earnings ratio of -6.61 and a beta of 1.26. The business has a fifty day moving average price of $9.22 and a 200 day moving average price of $7.65. Skeena Resources Limited has a 12 month low of $3.29 and a 12 month high of $10.33.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded shares of Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st.

Skeena Resources 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.