Skeena Resources Limited $SKE Stock Position Increased by Helikon Investments Ltd

Helikon Investments Ltd boosted its stake in shares of Skeena Resources Limited (NYSE:SKE) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,871,819 shares of the company’s stock after buying an additional 2,841,708 shares during the period. Skeena Resources makes up about 21.3% of Helikon Investments Ltd’s investment portfolio, making the stock its largest holding. Helikon Investments Ltd owned 13.93% of Skeena Resources worth $310,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Skeena Resources by 1,834.0% during the third quarter. Vanguard Group Inc. now owns 1,260,442 shares of the company’s stock valued at $23,212,000 after acquiring an additional 1,195,270 shares in the last quarter. Amundi grew its position in Skeena Resources by 43.4% during the 2nd quarter. Amundi now owns 2,258,524 shares of the company’s stock valued at $35,640,000 after purchasing an additional 683,524 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new stake in Skeena Resources during the 2nd quarter valued at about $9,097,000. JPMorgan Chase & Co. raised its holdings in Skeena Resources by 48.9% in the third quarter. JPMorgan Chase & Co. now owns 1,467,864 shares of the company’s stock worth $27,053,000 after buying an additional 482,369 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Skeena Resources by 849.9% in the first quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after buying an additional 359,438 shares during the last quarter. 45.15% of the stock is owned by institutional investors.

Skeena Resources Trading Up 2.0%

Shares of SKE stock opened at $35.04 on Monday. Skeena Resources Limited has a 12-month low of $8.53 and a 12-month high of $35.69. The stock has a market capitalization of $4.25 billion, a P/E ratio of -48.00 and a beta of 1.22. The firm’s 50 day moving average is $28.26 and its 200 day moving average is $21.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SKE shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. 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.