Quantbot Technologies LP Has $1.25 Million Stake in Skeena Resources Limited $SKE

Quantbot Technologies LP raised its position in Skeena Resources Limited (NYSE:SKE) by 417.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,678 shares of the company’s stock after acquiring an additional 54,601 shares during the quarter. Quantbot Technologies LP’s holdings in Skeena Resources were worth $1,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Forge First Asset Management Inc. acquired a new position in shares of Skeena Resources during the 3rd quarter worth about $7,370,000. TD Asset Management Inc grew its holdings in Skeena Resources by 16.3% during the third quarter. TD Asset Management Inc now owns 1,484,909 shares of the company’s stock worth $27,352,000 after purchasing an additional 208,095 shares during the period. Waratah Capital Advisors Ltd. increased its position in Skeena Resources by 114.9% during the third quarter. Waratah Capital Advisors Ltd. now owns 1,227,900 shares of the company’s stock worth $22,630,000 after buying an additional 656,471 shares during the last quarter. Helikon Investments Ltd raised its stake in Skeena Resources by 20.3% in the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after buying an additional 2,841,708 shares during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of Skeena Resources by 0.5% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 874,822 shares of the company’s stock valued at $16,133,000 after buying an additional 4,669 shares during the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

SKE opened at $33.33 on Friday. Skeena Resources Limited has a fifty-two week low of $8.53 and a fifty-two week high of $38.77. The company has a market capitalization of $4.04 billion, a P/E ratio of -45.66 and a beta of 1.17. The stock has a fifty day moving average of $30.41 and a 200-day moving average of $22.76.

Analysts Set New Price Targets

A number of research firms recently weighed in on SKE. Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. One equities research 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’s stock. According to data from MarketBeat.com, the company presently 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.