Groupe la Francaise Grows Stock Position in Skeena Resources Limited $SKE

Groupe la Francaise grew its position in shares of Skeena Resources Limited (NYSE:SKE) by 38.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 450,000 shares of the company’s stock after purchasing an additional 125,000 shares during the period. Groupe la Francaise’s holdings in Skeena Resources were worth $13,358,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in Skeena Resources by 45.4% during the 1st quarter. Bank of America Corp DE now owns 398,139 shares of the company’s stock valued at $11,833,000 after purchasing an additional 124,257 shares in the last quarter. Royal Bank of Canada lifted its holdings in Skeena Resources by 4.5% in the 1st quarter. Royal Bank of Canada now owns 1,291,911 shares of the company’s stock worth $38,395,000 after buying an additional 55,463 shares in the last quarter. Empowered Funds LLC lifted its holdings in Skeena Resources by 215.4% in the 1st quarter. Empowered Funds LLC now owns 32,860 shares of the company’s stock worth $977,000 after buying an additional 22,443 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Skeena Resources in the 1st quarter valued at about $964,000. Finally, K.J. Harrison & Partners Inc purchased a new position in Skeena Resources in the 1st quarter valued at about $594,000. 45.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SKE. Zacks Research downgraded Skeena Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Skeena Resources Trading Up 6.4%

SKE stock opened at $27.32 on Friday. Skeena Resources Limited has a twelve month low of $13.81 and a twelve month high of $38.77. The company has a market capitalization of $3.40 billion, a P/E ratio of -18.09 and a beta of 1.14. The firm has a 50 day simple moving average of $27.56 and a 200-day simple moving average of $30.04.

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.