Cibc World Market Inc. Takes $1.15 Million Position in Skeena Resources Limited $SKE

Cibc World Market Inc. bought a new stake in shares of Skeena Resources Limited (NYSE:SKE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,055 shares of the company’s stock, valued at approximately $1,147,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grand Central Investment Group lifted its stake in Skeena Resources by 2.9% in the first quarter. Grand Central Investment Group now owns 12,958 shares of the company’s stock worth $385,000 after acquiring an additional 364 shares during the period. Rockefeller Capital Management L.P. increased its position in Skeena Resources by 41.4% during the 4th 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 during the period. Pictet Asset Management Holding SA increased its position in Skeena Resources by 5.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,047 shares of the company’s stock valued at $476,000 after purchasing an additional 776 shares during the period. Public Employees Retirement System of Ohio increased its position in Skeena Resources by 6.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock valued at $410,000 after purchasing an additional 1,019 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Skeena Resources in the 4th quarter worth $43,000. Institutional investors own 45.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Skeena Resources Trading Up 1.1%

NYSE SKE opened at $35.09 on Friday. The firm has a market capitalization of $4.37 billion, a PE ratio of -23.40 and a beta of 1.14. The stock’s 50 day moving average is $29.11 and its 200 day moving average is $30.43. Skeena Resources Limited has a twelve month low of $15.43 and a twelve month high of $38.77. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 5.66.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). Research analysts forecast that Skeena Resources Limited will post -1.22 earnings per share for the current fiscal year.

Skeena Resources Company 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.