Legal & General Group Plc Buys New Position in Skeena Resources Limited $SKE

Legal & General Group Plc purchased a new position in shares of Skeena Resources Limited (NYSE:SKE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 71,812 shares of the company’s stock, valued at approximately $1,913,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKE. Royal Bank of Canada raised its stake in shares of Skeena Resources by 849.9% during 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 period. Cubist Systematic Strategies LLC purchased a new position in shares of Skeena Resources in the first quarter valued at $89,000. Goldman Sachs Group Inc. boosted its stake in shares of Skeena Resources by 174.0% in the first quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock valued at $3,172,000 after purchasing an additional 199,654 shares during the period. Geode Capital Management LLC grew its holdings in Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after purchasing an additional 1,881 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Skeena Resources during the 2nd quarter valued at $191,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a report on Friday, July 17th. Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Skeena Resources has an average rating of “Moderate Buy”.

Skeena Resources Price Performance

Shares of NYSE SKE opened at $33.02 on Monday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of -22.01 and a beta of 1.16. Skeena Resources Limited has a twelve month low of $15.43 and a twelve month high of $38.77. The business has a 50 day simple moving average of $29.76 and a 200-day simple moving average of $30.40.

Skeena Resources (NYSE:SKE) last released its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10). As a group, equities research analysts expect that Skeena Resources Limited will post -1.22 earnings per share for the current year.

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.