Waratah Capital Advisors Ltd. Increases Stock Holdings in Skeena Resources Limited $SKE

Waratah Capital Advisors Ltd. grew its stake in shares of Skeena Resources Limited (NYSE:SKE) by 114.9% during the third quarter, Holdings Channel reports. The firm owned 1,227,900 shares of the company’s stock after purchasing an additional 656,471 shares during the period. Skeena Resources makes up approximately 0.4% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 28th largest position. Waratah Capital Advisors Ltd.’s holdings in Skeena Resources were worth $22,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of Skeena Resources by 431.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after buying an additional 1,940 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Skeena Resources in the first quarter valued at $89,000. Cutler Capital Management LLC purchased a new position in shares of Skeena Resources during the second quarter worth about $167,000. XTX Topco Ltd acquired a new stake in shares of Skeena Resources during the second quarter worth about $191,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Skeena Resources by 40.5% in the 2nd quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock valued at $208,000 after purchasing an additional 3,767 shares during the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Trading Up 1.2%

Skeena Resources stock opened at $36.05 on Wednesday. The stock has a 50 day moving average of $28.73 and a two-hundred day moving average of $21.85. Skeena Resources Limited has a twelve month low of $8.53 and a twelve month high of $36.51. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -49.38 and a beta of 1.22.

Analyst Upgrades and Downgrades

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