Fiscal Wisdom Wealth Management LLC Makes New $3.80 Million Investment in Skeena Resources Limited $SKE

Fiscal Wisdom Wealth Management LLC bought a new position in shares of Skeena Resources Limited (NYSE:SKE) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 224,737 shares of the company’s stock, valued at approximately $3,800,000. Skeena Resources comprises 3.6% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding.

A number of other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Skeena Resources by 431.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after purchasing an additional 1,940 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Skeena Resources during the 1st quarter worth approximately $89,000. Cutler Capital Management LLC bought a new position in Skeena Resources in the second quarter valued at approximately $167,000. XTX Topco Ltd acquired a new position in Skeena Resources during the second quarter valued at approximately $191,000. Finally, Quantbot Technologies LP lifted its stake in Skeena Resources by 40.5% during the second quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock worth $208,000 after purchasing an additional 3,767 shares during the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

Shares of SKE stock opened at $32.64 on Thursday. The business’s fifty day moving average is $27.86 and its 200 day moving average is $21.25. The company has a market capitalization of $3.96 billion, a PE ratio of -44.71 and a beta of 1.22. Skeena Resources Limited has a 52-week low of $8.53 and a 52-week high of $35.69.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SKE. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Skeena Resources currently has a consensus rating of “Moderate Buy”.

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.