Skeena Resources Limited $SKE Stock Holdings Lifted by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. boosted its position in shares of Skeena Resources Limited (NYSE:SKE) by 195.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 138,900 shares of the company’s stock after purchasing an additional 91,900 shares during the period. Pekin Hardy Strauss Inc. owned 0.12% of Skeena Resources worth $2,205,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Northwest & Ethical Investments L.P. acquired a new stake in shares of Skeena Resources in the first quarter worth $77,000. Cubist Systematic Strategies LLC acquired a new position in shares of Skeena Resources in the 1st quarter valued at about $89,000. Banque Cantonale Vaudoise purchased a new stake in shares of Skeena Resources in the first quarter worth approximately $91,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Skeena Resources during the first quarter worth approximately $101,000. Finally, Fortitude Advisory Group L.L.C. purchased a new position in Skeena Resources during the second quarter valued at approximately $194,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Wall Street Analyst Weigh In

SKE has been the subject of a number of research analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Skeena Resources in a research report on Friday, October 10th. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a report on Wednesday, October 8th. Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, October 8th. Finally, TD Securities initiated coverage on Skeena Resources in a research note on Tuesday, August 12th. They issued a “buy” rating for the company. One investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Skeena Resources Price Performance

Skeena Resources stock opened at $15.85 on Friday. Skeena Resources Limited has a fifty-two week low of $7.32 and a fifty-two week high of $20.77. The firm has a fifty day moving average price of $17.63 and a two-hundred day moving average price of $15.45. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -14.54 and a beta of 1.25.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.90 million during the quarter, compared to analyst estimates of $1.90 million. As a group, sell-side analysts expect that Skeena Resources Limited will post -0.98 earnings per share for the current 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.