Public Employees Retirement System of Ohio Purchases New Position in Skeena Resources Limited $SKE

Public Employees Retirement System of Ohio acquired a new position in Skeena Resources Limited (NYSE:SKE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,225 shares of the company’s stock, valued at approximately $432,000.

Several other institutional investors also recently bought and sold shares of SKE. Rockefeller Capital Management L.P. raised its position 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Skeena Resources during the 4th quarter worth $43,000. Russell Investments Group Ltd. bought a new position in shares of Skeena Resources during the 4th quarter worth $45,000. PNC Financial Services Group Inc. increased its stake in shares of Skeena Resources by 431.1% during the third 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 period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Skeena Resources during the fourth quarter valued at $98,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SKE has been the subject of several recent research reports. Wall Street Zen upgraded Skeena Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Zacks Research raised shares of Skeena Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Skeena Resources presently has a consensus rating of “Moderate Buy”.

Skeena Resources Trading Down 5.4%

Shares of NYSE:SKE opened at $31.18 on Friday. The company has a market capitalization of $3.91 billion, a PE ratio of -20.79 and a beta of 1.16. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 5.66. Skeena Resources Limited has a 12-month low of $15.43 and a 12-month high of $38.77. The business’s fifty day simple moving average is $30.18 and its 200-day simple moving average is $30.37.

Skeena Resources (NYSE:SKE) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). As a group, equities research analysts predict that Skeena Resources Limited will post -1.22 earnings per share for the current fiscal year.

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.