National Bank of Canada FI Cuts Holdings in Skeena Resources Limited (NYSE:SKE)

National Bank of Canada FI cut its stake in Skeena Resources Limited (NYSE:SKE) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,771 shares of the company’s stock after selling 3,151 shares during the quarter. National Bank of Canada FI’s holdings in Skeena Resources were worth $425,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SKE. Helikon Investments Ltd increased its position in shares of Skeena Resources by 316.1% during the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company’s stock worth $77,873,000 after acquiring an additional 6,784,027 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Skeena Resources in the fourth quarter valued at approximately $4,549,000. Raymond James Financial Inc. acquired a new position in Skeena Resources in the fourth quarter valued at approximately $1,342,000. Amundi boosted its stake in Skeena Resources by 9.8% in the fourth quarter. Amundi now owns 1,219,300 shares of the company’s stock valued at $11,632,000 after acquiring an additional 109,300 shares during the period. Finally, Jane Street Group LLC boosted its stake in Skeena Resources by 90.1% in the third quarter. Jane Street Group LLC now owns 138,453 shares of the company’s stock valued at $1,176,000 after acquiring an additional 65,627 shares during the period. 45.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed a “strong-buy” rating on shares of Skeena Resources in a report on Friday, April 4th.

Skeena Resources Price Performance

Shares of NYSE:SKE opened at $9.23 on Thursday. Skeena Resources Limited has a 12 month low of $4.10 and a 12 month high of $11.74. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -6.74 and a beta of 1.22. The stock’s 50 day moving average price is $10.14 and its 200 day moving average price is $9.51.

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.