Skeena Resources Limited $SKE Position Lessened by Ruffer LLP

Ruffer LLP lowered its stake in shares of Skeena Resources Limited (NYSE:SKE) by 16.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,270,055 shares of the company’s stock after selling 241,600 shares during the quarter. Skeena Resources makes up approximately 1.3% of Ruffer LLP’s holdings, making the stock its 25th largest position. Ruffer LLP owned approximately 1.05% of Skeena Resources worth $23,394,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Helikon Investments Ltd boosted its holdings in shares of Skeena Resources by 17.7% during the second quarter. Helikon Investments Ltd now owns 14,030,111 shares of the company’s stock valued at $223,359,000 after acquiring an additional 2,112,796 shares during the period. Amundi boosted its stake in Skeena Resources by 43.4% during the 2nd quarter. Amundi now owns 2,258,524 shares of the company’s stock valued at $35,640,000 after purchasing an additional 683,524 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Skeena Resources by 1.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,539,488 shares of the company’s stock worth $24,503,000 after purchasing an additional 15,450 shares during the last quarter. JPMorgan Chase & Co. grew its position in Skeena Resources by 28.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 985,495 shares of the company’s stock worth $15,689,000 after purchasing an additional 220,334 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Skeena Resources by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 757,000 shares of the company’s stock valued at $13,938,000 after purchasing an additional 150,000 shares during the period. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Stock Up 4.8%

Shares of SKE stock opened at $34.99 on Thursday. The stock has a 50-day simple moving average of $24.55 and a 200 day simple moving average of $19.56. The stock has a market capitalization of $4.24 billion, a P/E ratio of -47.93 and a beta of 1.22. Skeena Resources Limited has a fifty-two week low of $8.53 and a fifty-two week high of $35.19.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). On average, sell-side analysts anticipate that Skeena Resources Limited will post -0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SKE. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday. Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Skeena Resources in a report on Friday, October 10th. Finally, Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.