JPMorgan Chase & Co. Raises Position in Skeena Resources Limited $SKE

JPMorgan Chase & Co. lifted its stake in shares of Skeena Resources Limited (NYSE:SKE) by 48.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,467,864 shares of the company’s stock after buying an additional 482,369 shares during the period. JPMorgan Chase & Co.’s holdings in Skeena Resources were worth $27,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intact Investment Management Inc. purchased a new position in Skeena Resources during the 3rd quarter worth $1,597,000. Allspring Global Investments Holdings LLC lifted its position in shares of Skeena Resources by 24.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 757,000 shares of the company’s stock valued at $13,938,000 after purchasing an additional 150,000 shares in the last quarter. Amundi boosted its holdings in Skeena Resources by 43.4% during the second quarter. Amundi now owns 2,258,524 shares of the company’s stock worth $35,640,000 after purchasing an additional 683,524 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Skeena Resources by 941.8% during the third quarter. CIBC Asset Management Inc now owns 106,114 shares of the company’s stock worth $1,952,000 after purchasing an additional 95,928 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its position in Skeena Resources by 195.5% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 138,900 shares of the company’s stock worth $2,205,000 after purchasing an additional 91,900 shares in the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Price Performance

Shares of NYSE SKE opened at $38.14 on Friday. The stock has a market capitalization of $4.63 billion, a PE ratio of -52.24 and a beta of 1.22. Skeena Resources Limited has a one year low of $8.53 and a one year high of $38.32. The business’s fifty day moving average price is $29.56 and its 200-day moving average price is $22.26.

Wall Street Analyst Weigh In

Several research firms have commented on SKE. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a report on Monday, January 26th. Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. 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. According to data from MarketBeat, the stock 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.