K.J. Harrison & Partners Inc Buys Shares of 20,000 Skeena Resources Limited $SKE

K.J. Harrison & Partners Inc purchased a new position in shares of Skeena Resources Limited (NYSE:SKE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $532,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its stake in shares of Skeena Resources by 41.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after purchasing an additional 455 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Skeena Resources in the 4th quarter valued at about $43,000. Russell Investments Group Ltd. bought a new position in Skeena Resources in the 4th quarter valued at about $45,000. PNC Financial Services Group Inc. increased its stake in Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after buying an additional 1,940 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Skeena Resources during the 4th quarter valued at about $98,000. Institutional investors own 45.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SKE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Friday, July 17th. Zacks Research raised Skeena Resources from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Finally, Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Skeena Resources Price Performance

NYSE:SKE opened at $32.15 on Tuesday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 5.66. The business’s 50-day moving average price is $28.10 and its 200 day moving average price is $30.24. Skeena Resources Limited has a 52-week low of $14.53 and a 52-week high of $38.77. The firm has a market cap of $4.00 billion, a P/E ratio of -21.43 and a beta of 1.14.

Skeena Resources (NYSE:SKE) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). As a group, sell-side analysts predict that Skeena Resources Limited will post -1.23 earnings per share for the current fiscal year.

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.