17,920 Shares in Skeena Resources Limited $SKE Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Skeena Resources Limited (NYSE:SKE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,920 shares of the company’s stock, valued at approximately $478,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Skeena Resources by 41.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after buying an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Skeena Resources during the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. raised its stake in Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after acquiring an additional 1,940 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Skeena Resources during the 4th quarter worth approximately $45,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Skeena Resources during the 1st quarter worth approximately $89,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Trading Down 5.6%

NYSE SKE opened at $33.16 on Friday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 5.66. The stock has a market capitalization of $4.13 billion, a P/E ratio of -22.11 and a beta of 1.14. Skeena Resources Limited has a 52-week low of $15.43 and a 52-week high of $38.77. The firm has a 50-day moving average price of $29.20 and a 200 day moving average price of $30.45.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). Equities research analysts expect that Skeena Resources Limited will post -1.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on SKE. Wall Street Zen upgraded Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate 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.