Skeena Resources Limited $SKE Holdings Lessened by Helikon Investments Ltd

Helikon Investments Ltd trimmed its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,828,709 shares of the company’s stock after selling 1,043,110 shares during the quarter. Skeena Resources makes up about 19.9% of Helikon Investments Ltd’s investment portfolio, making the stock its 2nd largest holding. Helikon Investments Ltd owned approximately 0.13% of Skeena Resources worth $375,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SKE. Royal Bank of Canada boosted its stake in shares of Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after acquiring an additional 359,438 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Skeena Resources in the 1st quarter worth $89,000. Goldman Sachs Group Inc. raised 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 purchasing an additional 199,654 shares during the period. Geode Capital Management LLC grew its holdings in Skeena Resources by 4.3% during the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after purchasing an additional 1,881 shares during the period. Finally, Legal & General Group Plc increased its position in Skeena Resources by 5.2% in the second 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 in the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Stock Down 8.7%

SKE opened at $31.06 on Friday. The firm has a 50-day simple moving average of $31.06 and a two-hundred day simple moving average of $27.42. Skeena Resources Limited has a 52 week low of $11.00 and a 52 week high of $38.77. The company has a market capitalization of $3.78 billion, a PE ratio of -27.49 and a beta of 1.13.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Thursday, May 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.09). As a group, sell-side analysts expect that Skeena Resources Limited will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. Wall Street Zen lowered shares of Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.