Alberta Investment Management Corp Buys Shares of 250,000 Skeena Resources Limited $SKE

Alberta Investment Management Corp purchased a new position in Skeena Resources Limited (NYSE:SKE) during the fourth quarter, Holdings Channel.com reports. The fund purchased 250,000 shares of the company’s stock, valued at approximately $5,938,000.

Other institutional investors have also bought and sold shares of the company. Helikon Investments Ltd increased its position in Skeena Resources by 20.3% in the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock worth $310,948,000 after buying an additional 2,841,708 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Skeena Resources by 2.5% during the 4th quarter. Van ECK Associates Corp now owns 4,862,516 shares of the company’s stock valued at $115,427,000 after buying an additional 120,909 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Skeena Resources by 108.3% during the 4th quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock valued at $62,353,000 after buying an additional 1,364,835 shares during the last quarter. Amundi grew its stake in shares of Skeena Resources by 10.2% during the 3rd quarter. Amundi now owns 2,488,622 shares of the company’s stock worth $45,144,000 after acquiring an additional 230,098 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Skeena Resources by 7.6% in the fourth quarter. Franklin Resources Inc. now owns 2,396,970 shares of the company’s stock worth $56,933,000 after purchasing an additional 168,932 shares in the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on SKE shares. Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th. One research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Skeena Resources Stock Performance

Shares of SKE stock opened at $30.87 on Wednesday. The company has a market capitalization of $3.80 billion, a PE ratio of -20.44 and a beta of 1.11. The business’s fifty day moving average is $30.48 and its 200 day moving average is $29.26. Skeena Resources Limited has a 52-week low of $13.81 and a 52-week high of $38.77.

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.