Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 32,379 Skeena Resources Limited $SKE

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Skeena Resources Limited (NYSE:SKE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,379 shares of the company’s stock, valued at approximately $964,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Skeena Resources by 849.9% in the first quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after purchasing an additional 359,438 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Skeena Resources during the 1st quarter worth approximately $89,000. Goldman Sachs Group Inc. raised its position in shares of Skeena Resources by 174.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock worth $3,172,000 after purchasing an additional 199,654 shares during the last quarter. Geode Capital Management LLC lifted its stake in Skeena Resources by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after buying an additional 1,881 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Skeena Resources by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock valued at $1,294,000 after buying an additional 4,037 shares in the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zacks Research downgraded Skeena Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Skeena Resources Price Performance

Shares of NYSE SKE opened at $26.54 on Friday. The company has a 50-day simple moving average of $27.53 and a 200-day simple moving average of $30.02. The company has a market cap of $3.30 billion, a PE ratio of -17.58 and a beta of 1.14. Skeena Resources Limited has a 12 month low of $13.81 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.