K.J. Harrison & Partners Inc Invests $532,000 in Skeena Resources Limited $SKE

K.J. Harrison & Partners Inc acquired a new stake in shares of Skeena Resources Limited (NYSE:SKE) in the second quarter, Holdings Channel reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $532,000.

A number of other hedge funds also recently modified their holdings of SKE. Grand Central Investment Group boosted its position in Skeena Resources by 2.9% during the 1st quarter. Grand Central Investment Group now owns 12,958 shares of the company’s stock worth $385,000 after acquiring an additional 364 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Skeena Resources by 41.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after buying an additional 455 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Skeena Resources by 5.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,047 shares of the company’s stock valued at $476,000 after buying an additional 776 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Skeena Resources by 6.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock valued at $410,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Skeena Resources during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Analysts Set New Price Targets

SKE has been the topic of a number of research reports. Wall Street Zen raised shares of Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. Finally, Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Skeena Resources Price Performance

Shares of SKE opened at $32.15 on Tuesday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market cap of $4.00 billion, a PE ratio of -21.43 and a beta of 1.14. The firm’s 50 day moving average price is $28.10 and its 200 day moving average price is $30.24. Skeena Resources Limited has a twelve month low of $14.53 and a twelve month high of $38.77.

Skeena Resources (NYSE:SKE) last posted its earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). As a group, research analysts expect that Skeena Resources Limited will post -1.23 EPS for the current fiscal year.

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.