Cibc World Market Inc. Boosts Holdings in Skeena Resources Limited $SKE

Cibc World Market Inc. boosted its position in shares of Skeena Resources Limited (NYSE:SKE) by 51.4% in the fourth quarter, HoldingsChannel reports. The fund owned 57,483 shares of the company’s stock after purchasing an additional 19,517 shares during the quarter. Cibc World Market Inc.’s holdings in Skeena Resources were worth $1,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SKE. PNC Financial Services Group Inc. lifted its position in Skeena Resources by 431.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after acquiring an additional 1,940 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Skeena Resources during the first quarter valued at approximately $89,000. Advisory Services Network LLC purchased a new stake in Skeena Resources during the third quarter valued at approximately $99,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Skeena Resources during the fourth quarter valued at approximately $119,000. Finally, Jain Global LLC purchased a new stake in Skeena Resources during the third quarter valued at approximately $189,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Skeena Resources Trading Down 3.0%

NYSE SKE opened at $26.02 on Wednesday. The company has a fifty day simple moving average of $30.68 and a two-hundred day simple moving average of $28.93. The stock has a market cap of $3.17 billion, a P/E ratio of -17.23 and a beta of 1.11. Skeena Resources Limited has a 12-month low of $13.81 and a 12-month high of $38.77.

Skeena Resources Company 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.