Public Employees Retirement System of Ohio Buys Shares of 16,225 Skeena Resources Limited $SKE

Public Employees Retirement System of Ohio purchased a new position in Skeena Resources Limited (NYSE:SKE) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 16,225 shares of the company’s stock, valued at approximately $432,000.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after purchasing an additional 359,438 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Skeena Resources during the 1st quarter worth $89,000. Goldman Sachs Group Inc. grew its stake in Skeena Resources by 174.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock worth $3,172,000 after buying an additional 199,654 shares during the last quarter. Geode Capital Management LLC increased its position in Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after buying an additional 1,881 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Skeena Resources by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock valued at $1,294,000 after buying an additional 4,037 shares in the last quarter. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Trading Down 5.4%

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

Skeena Resources (NYSE:SKE) last released its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.10). On average, equities research analysts anticipate that Skeena Resources Limited will post -1.22 earnings per share for the current year.

Analyst Ratings Changes

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