Dynamic Technology Lab Private Ltd Purchases Shares of 21,145 Skeena Resources Limited $SKE

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Skeena Resources Limited (NYSE:SKE) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 21,145 shares of the company’s stock, valued at approximately $390,000.

Several other large investors have also modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Skeena Resources by 849.9% in the first 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 acquired a new position in Skeena Resources during the first quarter worth approximately $89,000. Goldman Sachs Group Inc. increased its position in Skeena Resources by 174.0% during the first 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 last quarter. Geode Capital Management LLC raised its stake in Skeena Resources by 4.3% during the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after purchasing an additional 1,881 shares during the period. Finally, Helikon Investments Ltd raised its stake in Skeena Resources by 17.7% during the second quarter. Helikon Investments Ltd now owns 14,030,111 shares of the company’s stock worth $223,359,000 after purchasing an additional 2,112,796 shares during the period. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Stock Down 2.4%

SKE opened at $33.30 on Thursday. The firm’s 50 day moving average is $31.17 and its 200-day moving average is $23.33. Skeena Resources Limited has a 52-week low of $8.53 and a 52-week high of $38.77. The firm has a market capitalization of $4.04 billion, a P/E ratio of -45.61 and a beta of 1.17.

Analyst Upgrades and Downgrades

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