Intact Investment Management Inc. Acquires 70,500 Shares of Skeena Resources Limited $SKE

Intact Investment Management Inc. raised its holdings in Skeena Resources Limited (NYSE:SKE) by 81.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 157,200 shares of the company’s stock after purchasing an additional 70,500 shares during the quarter. Intact Investment Management Inc.’s holdings in Skeena Resources were worth $3,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SKE. PNC Financial Services Group Inc. boosted its holdings in Skeena Resources by 431.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after purchasing an additional 1,940 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Skeena Resources in the 1st quarter valued at about $89,000. Advisory Services Network LLC bought a new stake in Skeena Resources in the 3rd quarter valued at about $99,000. Kohmann Bosshard Financial Services LLC bought a new stake in Skeena Resources in the 4th quarter valued at about $119,000. Finally, Jain Global LLC bought a new stake in Skeena Resources in the 3rd quarter valued at about $189,000. Institutional investors own 45.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SKE shares. Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Finally, Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Skeena Resources Trading Down 1.0%

Shares of NYSE:SKE opened at $29.39 on Tuesday. The firm has a 50 day moving average of $31.82 and a 200-day moving average of $26.60. The stock has a market capitalization of $3.58 billion, a PE ratio of -26.01 and a beta of 1.13. Skeena Resources Limited has a 12 month low of $10.92 and a 12 month high of $38.77.

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.