Vanguard Group Inc. Purchases 1,364,835 Shares of Skeena Resources Limited $SKE

Vanguard Group Inc. increased its position in Skeena Resources Limited (NYSE:SKE) by 108.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,625,277 shares of the company’s stock after buying an additional 1,364,835 shares during the period. Vanguard Group Inc. owned about 2.16% of Skeena Resources worth $62,353,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SKE. Royal Bank of Canada boosted its holdings in Skeena Resources by 849.9% in the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after buying an additional 359,438 shares during the period. Cubist Systematic Strategies LLC bought a new position in Skeena Resources in the 1st quarter worth $89,000. Goldman Sachs Group Inc. boosted its holdings in Skeena Resources by 174.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock worth $3,172,000 after buying an additional 199,654 shares during the period. Geode Capital Management LLC boosted its holdings in Skeena Resources by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after buying an additional 1,881 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Skeena Resources by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock worth $1,294,000 after buying an additional 4,037 shares during the period. Institutional investors own 45.15% of the company’s stock.

Wall Street Analysts Forecast Growth

SKE has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. Finally, Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. One 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 company. According to MarketBeat, Skeena Resources currently has an average rating of “Moderate Buy”.

Skeena Resources Trading Down 0.9%

Shares of Skeena Resources stock opened at $34.01 on Friday. The stock has a 50 day moving average of $31.14 and a 200 day moving average of $27.40. Skeena Resources Limited has a 12 month low of $10.97 and a 12 month high of $38.77. The firm has a market cap of $4.14 billion, a PE ratio of -30.10 and a beta of 1.13.

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.