K.J. Harrison & Partners Inc Invests $594,000 in Skeena Resources Limited $SKE

K.J. Harrison & Partners Inc bought a new stake in shares of Skeena Resources Limited (NYSE:SKE) during the 1st quarter, Holdings Channel reports. The fund bought 20,000 shares of the company’s stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Skeena Resources by 108.3% in the fourth quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock worth $62,353,000 after acquiring an additional 1,364,835 shares during the period. Millennium Management LLC increased its position in Skeena Resources by 44.6% during the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company’s stock valued at $52,309,000 after purchasing an additional 679,709 shares during the period. Van ECK Associates Corp increased its position in Skeena Resources by 16.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock valued at $87,404,000 after purchasing an additional 670,200 shares during the period. Bornite Capital Management LP bought a new position in Skeena Resources in the 4th quarter worth $12,423,000. Finally, JPMorgan Chase & Co. raised its holdings in Skeena Resources by 48.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,864 shares of the company’s stock worth $27,053,000 after purchasing an additional 482,369 shares in the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

SKE opened at $28.61 on Monday. The company’s 50-day simple moving average is $29.16 and its two-hundred day simple moving average is $29.72. The stock has a market capitalization of $3.56 billion, a P/E ratio of -18.95 and a beta of 1.14. Skeena Resources Limited has a 52-week low of $13.81 and a 52-week high of $38.77.

Analyst Ratings Changes

SKE has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently 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.