42,935 Shares in Skeena Resources Limited $SKE Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new position in Skeena Resources Limited (NYSE:SKE) during the second quarter, Holdings Channel.com reports. The firm purchased 42,935 shares of the company’s stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds have also modified their holdings of SKE. Grand Central Investment Group grew its stake in Skeena Resources by 2.9% in the first quarter. Grand Central Investment Group now owns 12,958 shares of the company’s stock valued at $385,000 after purchasing an additional 364 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after purchasing an additional 455 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Skeena Resources by 5.1% in the first quarter. Pictet Asset Management Holding SA now owns 16,047 shares of the company’s stock worth $476,000 after acquiring an additional 776 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Skeena Resources by 6.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock worth $410,000 after purchasing an additional 1,019 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Skeena Resources during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

NYSE SKE opened at $33.02 on Friday. The firm has a 50-day moving average of $29.76 and a 200-day moving average of $30.41. The stock has a market cap of $4.14 billion, a PE ratio of -22.01 and a beta of 1.16. Skeena Resources Limited has a 52-week low of $15.43 and a 52-week high of $38.77. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). On average, sell-side analysts anticipate that Skeena Resources Limited will post -1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SKE shares. Zacks Research upgraded shares of Skeena Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. Finally, Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Skeena Resources presently 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.