Vanguard Group Inc. Increases Holdings in Skeena Resources Limited $SKE

Vanguard Group Inc. grew its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 108.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,625,277 shares of the company’s stock after buying an additional 1,364,835 shares during the quarter. Vanguard Group Inc.’s holdings in Skeena Resources were worth $62,353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SKE. Royal Bank of Canada raised its position in shares of Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after buying an additional 359,438 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Skeena Resources during the 1st quarter valued at about $89,000. Goldman Sachs Group Inc. raised its position in shares of Skeena Resources by 174.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock valued at $3,172,000 after buying an additional 199,654 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after buying an additional 1,881 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Skeena Resources by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock valued at $1,294,000 after buying an additional 4,037 shares in the last quarter. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Price Performance

Skeena Resources stock opened at $34.01 on Friday. Skeena Resources Limited has a 1-year low of $10.97 and a 1-year high of $38.77. The firm has a market capitalization of $4.14 billion, a P/E ratio of -30.10 and a beta of 1.13. The company’s 50-day moving average is $31.14 and its 200 day moving average is $27.40.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SKE shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Skeena Resources presently has a consensus rating of “Moderate Buy”.

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.