Northwest & Ethical Investments L.P. Invests $77,000 in Skeena Resources Limited $SKE

Northwest & Ethical Investments L.P. bought a new position in Skeena Resources Limited (NYSE:SKE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,624 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SKE. Invesco Ltd. grew its holdings in shares of Skeena Resources by 4,414.9% in the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company’s stock worth $6,836,000 after purchasing an additional 766,600 shares during the last quarter. Legal & General Group Plc boosted its holdings in Skeena Resources by 12.0% in the fourth quarter. Legal & General Group Plc now owns 78,672 shares of the company’s stock valued at $684,000 after acquiring an additional 8,428 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Skeena Resources in the fourth quarter valued at $1,342,000. Tower Research Capital LLC TRC boosted its holdings in Skeena Resources by 2,067.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock valued at $51,000 after acquiring an additional 5,541 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in Skeena Resources in the fourth quarter valued at $89,000. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Trading Up 2.9%

Shares of Skeena Resources stock opened at $15.2060 on Thursday. The firm has a market capitalization of $1.75 billion, a P/E ratio of -13.95 and a beta of 1.24. The business has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $12.68. Skeena Resources Limited has a 12 month low of $7.22 and a 12 month high of $17.25.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $1.90 million during the quarter, compared to analyst estimates of $1.90 million. Analysts predict that Skeena Resources Limited will post -0.98 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. CIBC reiterated an “outperform” rating on shares of Skeena Resources in a report on Thursday, May 22nd. Finally, TD Securities assumed coverage on shares of Skeena Resources in a report on Tuesday, August 12th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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.