Purpose Unlimited Inc. Purchases Shares of 89,170 Skeena Resources Limited $SKE

Purpose Unlimited Inc. acquired a new stake in shares of Skeena Resources Limited (NYSE:SKE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 89,170 shares of the company’s stock, valued at approximately $2,118,000. Purpose Unlimited Inc. owned 0.07% of Skeena Resources as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in Skeena Resources by 41.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after acquiring an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Skeena Resources during the fourth quarter worth about $43,000. Russell Investments Group Ltd. acquired a new stake in Skeena Resources during the fourth quarter worth about $45,000. PNC Financial Services Group Inc. increased its stake in Skeena Resources by 431.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Skeena Resources in the 4th quarter worth about $98,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SKE. Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Skeena Resources has a consensus rating of “Moderate Buy”.

Skeena Resources Stock Down 0.4%

SKE opened at $28.58 on Friday. The firm’s 50 day moving average is $30.36 and its 200-day moving average is $29.38. Skeena Resources Limited has a 52-week low of $13.81 and a 52-week high of $38.77. The firm has a market capitalization of $3.52 billion, a P/E ratio of -18.93 and a beta of 1.11.

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.