Skeena Resources Limited $SKE Stock Holdings Lifted by Helikon Investments Ltd

Helikon Investments Ltd grew its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 20.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,871,819 shares of the company’s stock after purchasing an additional 2,841,708 shares during the quarter. Skeena Resources makes up approximately 21.3% of Helikon Investments Ltd’s investment portfolio, making the stock its largest position. Helikon Investments Ltd owned approximately 0.14% of Skeena Resources worth $310,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Skeena Resources by 28.8% during the second quarter. JPMorgan Chase & Co. now owns 985,495 shares of the company’s stock valued at $15,689,000 after buying an additional 220,334 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of Skeena Resources during the 3rd quarter worth $1,597,000. Allspring Global Investments Holdings LLC grew its position in shares of Skeena Resources by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 757,000 shares of the company’s stock valued at $13,938,000 after acquiring an additional 150,000 shares during the period. Amundi grew its position in shares of Skeena Resources by 43.4% during the 2nd quarter. Amundi now owns 2,258,524 shares of the company’s stock valued at $35,640,000 after acquiring an additional 683,524 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Skeena Resources by 941.8% in the 3rd 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 in the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Trading Up 2.0%

NYSE:SKE opened at $35.04 on Monday. The stock has a 50-day moving average price of $28.26 and a 200 day moving average price of $21.56. The stock has a market capitalization of $4.25 billion, a P/E ratio of -48.00 and a beta of 1.22. Skeena Resources Limited has a 12-month low of $8.53 and a 12-month high of $35.69.

Wall Street Analysts Forecast Growth

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