JPMorgan Chase & Co. Buys 482,369 Shares of Skeena Resources Limited $SKE

JPMorgan Chase & Co. raised its stake in Skeena Resources Limited (NYSE:SKE) by 48.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,467,864 shares of the company’s stock after acquiring an additional 482,369 shares during the quarter. JPMorgan Chase & Co.’s holdings in Skeena Resources were worth $27,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Helikon Investments Ltd lifted its position in shares of Skeena Resources by 20.3% during the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock worth $310,948,000 after purchasing an additional 2,841,708 shares in the last quarter. Vanguard Group Inc. raised its position in Skeena Resources by 1,834.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,260,442 shares of the company’s stock worth $23,212,000 after purchasing an additional 1,195,270 shares during the last quarter. Amundi raised its position in Skeena Resources by 43.4% in the 2nd quarter. Amundi now owns 2,258,524 shares of the company’s stock worth $35,640,000 after purchasing an additional 683,524 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Skeena Resources by 16.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock worth $87,404,000 after buying an additional 670,200 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. boosted its position in Skeena Resources by 114.9% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 1,227,900 shares of the company’s stock valued at $22,630,000 after buying an additional 656,471 shares during the last quarter. 45.15% of the stock is owned by institutional investors.

Skeena Resources Price Performance

NYSE:SKE opened at $27.11 on Tuesday. Skeena Resources Limited has a fifty-two week low of $8.53 and a fifty-two week high of $38.77. The stock has a market capitalization of $3.29 billion, a PE ratio of -37.13 and a beta of 1.16. The business’s 50-day simple moving average is $31.84 and its 200-day simple moving average is $24.09.

Analyst Upgrades and Downgrades

SKE has been the subject of several research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of Skeena Resources from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average 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.