438,147 Shares in Skeena Resources Limited $SKE Purchased by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. purchased a new position in shares of Skeena Resources Limited (NYSE:SKE) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 438,147 shares of the company’s stock, valued at approximately $10,397,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after buying an additional 1,881 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after purchasing an additional 1,940 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Skeena Resources by 23.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,271 shares of the company’s stock worth $363,000 after purchasing an additional 2,852 shares during the last quarter. Swiss National Bank raised its holdings in Skeena Resources by 2.2% during the 3rd quarter. Swiss National Bank now owns 145,900 shares of the company’s stock worth $2,688,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in Skeena Resources by 40.5% during the 2nd quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock worth $208,000 after purchasing an additional 3,767 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Skeena Resources Stock Performance

Shares of SKE opened at $30.21 on Tuesday. The stock has a 50 day simple moving average of $30.55 and a 200 day simple moving average of $28.50. Skeena Resources Limited has a 52-week low of $13.12 and a 52-week high of $38.77. The firm has a market capitalization of $3.68 billion, a PE ratio of -20.01 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SKE. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Skeena Resources 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.