Skeena Resources (NYSE:SKE) Sets New 1-Year High – What’s Next?

Skeena Resources Limited (NYSE:SKE) shares reached a new 52-week high during trading on Monday . The stock traded as high as $12.80 and last traded at $12.58, with a volume of 1272 shares trading hands. The stock had previously closed at $12.31.

Wall Street Analyst Weigh In

Separately, Raymond James reiterated a “strong-buy” rating on shares of Skeena Resources in a report on Friday, April 4th.

Skeena Resources Stock Performance

The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -9.16 and a beta of 1.22. The business has a 50-day simple moving average of $10.25 and a two-hundred day simple moving average of $9.68.

Hedge Funds Weigh In On Skeena Resources

A number of large investors have recently modified their holdings of SKE. FNY Investment Advisers LLC raised its holdings in Skeena Resources by 237.5% during the first quarter. FNY Investment Advisers LLC now owns 13,500 shares of the company’s stock worth $136,000 after acquiring an additional 9,500 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Skeena Resources by 4.3% during the 4th quarter. Mackenzie Financial Corp now owns 42,003 shares of the company’s stock worth $365,000 after purchasing an additional 1,742 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Skeena Resources in the 4th quarter valued at $170,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Skeena Resources by 6.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,480 shares of the company’s stock valued at $597,000 after purchasing an additional 3,878 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Skeena Resources by 51.4% during the 4th quarter. Two Sigma Advisers LP now owns 153,725 shares of the company’s stock worth $1,340,000 after buying an additional 52,200 shares during the period. 45.15% of the stock is currently owned by institutional investors and hedge funds.

About Skeena Resources

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.