TD Asset Management Inc Raises Stock Position in Skeena Resources Limited $SKE

TD Asset Management Inc boosted its position in shares of Skeena Resources Limited (NYSE:SKE) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,510,392 shares of the company’s stock after acquiring an additional 25,483 shares during the period. TD Asset Management Inc’s holdings in Skeena Resources were worth $35,921,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SKE. Helikon Investments Ltd grew its stake in Skeena Resources by 20.3% during the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after acquiring an additional 2,841,708 shares in the last quarter. Vanguard Group Inc. grew its stake 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 acquiring an additional 1,364,835 shares in the last quarter. Van ECK Associates Corp grew its stake in Skeena Resources by 16.5% during the third quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company’s stock valued at $87,404,000 after acquiring an additional 670,200 shares in the last quarter. Waratah Capital Advisors Ltd. grew its stake in Skeena Resources by 114.9% during the third quarter. Waratah Capital Advisors Ltd. now owns 1,227,900 shares of the company’s stock valued at $22,630,000 after acquiring an additional 656,471 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Skeena Resources by 48.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,864 shares of the company’s stock worth $27,053,000 after buying an additional 482,369 shares in the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

SKE stock opened at $26.06 on Friday. Skeena Resources Limited has a one year low of $13.81 and a one year high of $38.77. The stock has a market cap of $3.17 billion, a PE ratio of -17.26 and a beta of 1.11. The firm has a 50 day simple moving average of $30.71 and a two-hundred day simple moving average of $28.74.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SKE shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Skeena Resources 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.