Purpose Unlimited Inc. Takes Position in Skeena Resources Limited $SKE

Purpose Unlimited Inc. bought a new position in shares of Skeena Resources Limited (NYSE:SKE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 89,170 shares of the company’s stock, valued at approximately $2,118,000.

Several other institutional investors have also modified their holdings of the business. Rockefeller Capital Management L.P. lifted its stake in shares of Skeena Resources by 41.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after acquiring an additional 455 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Skeena Resources during the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. increased its holdings 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 worth $44,000 after purchasing an additional 1,940 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Skeena Resources during the 4th quarter worth approximately $45,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Skeena Resources in the 1st quarter valued at approximately $89,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Skeena Resources Stock Performance

Shares of Skeena Resources stock opened at $28.58 on Friday. Skeena Resources Limited has a 1 year low of $13.81 and a 1 year high of $38.77. The firm’s 50-day simple moving average is $30.36 and its 200-day simple moving average is $29.38. The firm has a market cap of $3.52 billion, a PE ratio of -18.93 and a beta of 1.11.

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.