TD Asset Management Inc Buys 25,483 Shares of Skeena Resources Limited $SKE

TD Asset Management Inc boosted its stake in Skeena Resources Limited (NYSE:SKE) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,510,392 shares of the company’s stock after acquiring an additional 25,483 shares during the period. TD Asset Management Inc owned 1.25% of Skeena Resources worth $35,921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Forge First Asset Management Inc. bought a new stake in shares of Skeena Resources in the third quarter valued at approximately $7,370,000. Sprott Inc. raised its position in shares of Skeena Resources by 16.5% in the third quarter. Sprott Inc. now owns 1,330,589 shares of the company’s stock valued at $24,517,000 after purchasing an additional 188,366 shares during the period. Helikon Investments Ltd raised its position in shares of Skeena Resources by 20.3% in the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock valued at $310,948,000 after purchasing an additional 2,841,708 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Skeena Resources by 29.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 977,000 shares of the company’s stock valued at $23,206,000 after purchasing an additional 220,000 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Skeena Resources by 48.9% in the third quarter. JPMorgan Chase & Co. now owns 1,467,864 shares of the company’s stock valued at $27,053,000 after purchasing an additional 482,369 shares during the period. Institutional investors own 45.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on SKE shares. Wall Street Zen lowered 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 issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Skeena Resources Trading Down 11.8%

Shares of NYSE:SKE opened at $26.06 on Friday. The company has a 50 day moving average of $30.71 and a 200 day moving average of $28.74. The stock has a market cap of $3.17 billion, a P/E ratio of -17.26 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.

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.