K.J. Harrison & Partners Inc Invests $594,000 in Skeena Resources Limited $SKE

K.J. Harrison & Partners Inc bought a new position in Skeena Resources Limited (NYSE:SKE) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $594,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Skeena Resources by 108.3% during the fourth quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock valued at $62,353,000 after purchasing an additional 1,364,835 shares in the last quarter. Millennium Management LLC increased its position in shares of Skeena Resources by 44.6% during the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company’s stock valued at $52,309,000 after purchasing an additional 679,709 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Skeena Resources by 16.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock valued at $87,404,000 after purchasing an additional 670,200 shares during the last quarter. Bornite Capital Management LP purchased a new position in shares of Skeena Resources during the 4th quarter valued at about $12,423,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Skeena Resources by 48.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,864 shares of the company’s stock valued at $27,053,000 after buying an additional 482,369 shares in the last quarter. Institutional investors own 45.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SKE. Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. One investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Skeena Resources Stock Down 0.3%

NYSE:SKE opened at $28.61 on Monday. The firm has a market capitalization of $3.56 billion, a P/E ratio of -18.95 and a beta of 1.14. The company has a fifty day moving average of $29.16 and a 200 day moving average of $29.72. 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.