Raymond James & Associates Raises Position in Skeena Resources Limited (NYSE:SKE)

Raymond James & Associates increased its position in shares of Skeena Resources Limited (NYSE:SKE) by 54.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,367 shares of the company’s stock after purchasing an additional 48,728 shares during the period. Raymond James & Associates owned approximately 0.15% of Skeena Resources worth $675,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SKE. Mackenzie Financial Corp increased its holdings in Skeena Resources by 0.5% in the third quarter. Mackenzie Financial Corp now owns 612,018 shares of the company’s stock valued at $2,785,000 after buying an additional 3,270 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Skeena Resources by 8.7% in the 3rd quarter. TD Asset Management Inc now owns 67,882 shares of the company’s stock worth $312,000 after acquiring an additional 5,418 shares during the period. Barclays PLC acquired a new stake in shares of Skeena Resources in the 2nd quarter worth approximately $69,000. Van ECK Associates Corp grew its holdings in shares of Skeena Resources by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,710,705 shares of the company’s stock worth $21,546,000 after acquiring an additional 17,672 shares during the period. Finally, Deutsche Bank AG grew its holdings in Skeena Resources by 11.9% in the third quarter. Deutsche Bank AG now owns 242,298 shares of the company’s stock valued at $1,115,000 after purchasing an additional 25,852 shares during the last quarter. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Price Performance

Skeena Resources stock opened at $4.64 on Thursday. Skeena Resources Limited has a 52 week low of $3.05 and a 52 week high of $7.65. The firm has a market capitalization of $419.27 million, a PE ratio of -4.88 and a beta of 1.37. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $4.32 and its 200 day simple moving average is $4.28.

Skeena Resources (NYSE:SKE) last released its quarterly earnings results on Monday, April 1st. The company reported ($0.27) earnings per share for the quarter. On average, equities research analysts predict that Skeena Resources Limited will post -0.19 EPS for the current fiscal year.

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.