Skeena Resources Limited $SKE Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,276,814 shares of the company’s stock after selling 8,568 shares during the period. TD Asset Management Inc’s holdings in Skeena Resources were worth $20,268,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SKE. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Skeena Resources by 1.2% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 275,745 shares of the company’s stock valued at $2,761,000 after acquiring an additional 3,325 shares in the last quarter. PDT Partners LLC raised its position in Skeena Resources by 28.8% in the first quarter. PDT Partners LLC now owns 22,493 shares of the company’s stock valued at $227,000 after purchasing an additional 5,023 shares during the period. National Bank of Canada FI lifted its stake 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 purchasing an additional 5,979 shares in the last quarter. PCJ Investment Counsel Ltd. boosted its position in shares of Skeena Resources by 4.7% in the first quarter. PCJ Investment Counsel Ltd. now owns 146,260 shares of the company’s stock worth $1,475,000 after buying an additional 6,630 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Skeena Resources in the first quarter valued at about $77,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

Shares of SKE opened at $18.05 on Friday. Skeena Resources Limited has a one year low of $7.32 and a one year high of $20.77. The stock has a 50-day moving average price of $17.34 and a 200 day moving average price of $14.82. The company has a market capitalization of $2.08 billion, a P/E ratio of -16.56 and a beta of 1.27.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share (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 the consensus estimate of $1.90 million. As a group, equities research analysts forecast that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SKE shares. Raymond James Financial reissued a “strong-buy” rating on shares of Skeena Resources in a research report on Friday, October 10th. TD Securities assumed coverage on shares of Skeena Resources in a research report on Tuesday, August 12th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, October 8th. Finally, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, 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.