12,190 Shares in Skeena Resources Limited $SKE Bought by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. acquired a new position in shares of Skeena Resources Limited (NYSE:SKE) during the second quarter, HoldingsChannel reports. The firm acquired 12,190 shares of the company’s stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Federation des caisses Desjardins du Quebec raised its holdings in shares of Skeena Resources by 1.2% during the first quarter. Federation des caisses Desjardins du Quebec now owns 275,745 shares of the company’s stock worth $2,761,000 after acquiring an additional 3,325 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Skeena Resources by 6.0% during 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 worth $597,000 after acquiring an additional 3,878 shares during the period. PDT Partners LLC raised its holdings in shares of Skeena Resources by 28.8% during the first quarter. PDT Partners LLC now owns 22,493 shares of the company’s stock worth $227,000 after acquiring an additional 5,023 shares during the period. National Bank of Canada FI raised its holdings in shares of Skeena Resources by 12.3% during the first quarter. National Bank of Canada FI now owns 54,750 shares of the company’s stock worth $548,000 after acquiring an additional 5,979 shares during the period. Finally, PCJ Investment Counsel Ltd. raised its holdings in shares of Skeena Resources by 4.7% during the first quarter. PCJ Investment Counsel Ltd. now owns 146,260 shares of the company’s stock worth $1,475,000 after acquiring an additional 6,630 shares during the period. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SKE shares. TD Securities began coverage on shares of Skeena Resources in a report on Tuesday, August 12th. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Skeena Resources presently has a consensus rating of “Moderate Buy”.

Skeena Resources Trading Up 0.6%

Skeena Resources stock opened at $17.48 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of -16.03 and a beta of 1.27. Skeena Resources Limited has a 1-year low of $7.32 and a 1-year high of $19.33. The company has a fifty day simple moving average of $16.56 and a 200 day simple moving average of $14.26.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.90 million. On average, equities research analysts forecast that Skeena Resources Limited will post -0.98 EPS for the current year.

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.