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

JPMorgan Chase & Co. raised its position in Skeena Resources Limited (NYSE:SKE) by 48.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,467,864 shares of the company’s stock after purchasing an additional 482,369 shares during the period. JPMorgan Chase & Co. owned 1.21% of Skeena Resources worth $27,053,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SKE. Royal Bank of Canada lifted its holdings in Skeena Resources by 849.9% in the first quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after buying an additional 359,438 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Skeena Resources during the 1st quarter worth about $89,000. Goldman Sachs Group Inc. grew its holdings in Skeena Resources by 174.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock worth $3,172,000 after acquiring an additional 199,654 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Skeena Resources in the 2nd quarter worth about $1,426,000. Finally, Pekin Hardy Strauss Inc. lifted its stake in shares of Skeena Resources by 195.5% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 138,900 shares of the company’s stock valued at $2,205,000 after purchasing an additional 91,900 shares during the period. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Trading Up 2.1%

SKE opened at $38.14 on Friday. The company’s fifty day moving average price is $29.56 and its two-hundred day moving average price is $22.26. Skeena Resources Limited has a 1-year low of $8.53 and a 1-year high of $38.32. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -52.24 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SKE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating on shares of Skeena Resources in a research 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 note on Sunday, January 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Skeena Resources currently 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.