Marex Group plc Acquires New Stake in Skeena Resources Limited $SKE

Marex Group plc purchased a new position in Skeena Resources Limited (NYSE:SKE) during the 2nd quarter, HoldingsChannel reports. The fund purchased 75,001 shares of the company’s stock, valued at approximately $1,194,000.

A number of other large investors have also made changes to their positions in the stock. Vident Advisory LLC purchased a new position in Skeena Resources during the second quarter worth approximately $539,000. Tidal Investments LLC grew its holdings in Skeena Resources by 44.5% in the 2nd quarter. Tidal Investments LLC now owns 37,897 shares of the company’s stock valued at $603,000 after buying an additional 11,672 shares in the last quarter. Shay Capital LLC acquired a new stake in shares of Skeena Resources in the 2nd quarter worth $1,194,000. BNP Paribas Financial Markets raised its holdings in shares of Skeena Resources by 88.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 78,200 shares of the company’s stock worth $1,245,000 after acquiring an additional 36,633 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Skeena Resources by 44.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 54,349 shares of the company’s stock worth $865,000 after acquiring an additional 16,720 shares during the period. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Stock Performance

Skeena Resources stock opened at $24.41 on Monday. The company’s 50 day simple moving average is $18.77 and its 200-day simple moving average is $16.94. Skeena Resources Limited has a 1 year low of $8.53 and a 1 year high of $26.05. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of -33.44 and a beta of 1.22.

Skeena Resources (NYSE:SKE) last posted its earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Equities analysts expect that Skeena Resources Limited will post -0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a report on Thursday, October 23rd. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Skeena Resources in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently 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.