Marex Group plc Invests $1.19 Million in Skeena Resources Limited $SKE

Marex Group plc acquired a new stake in shares of Skeena Resources Limited (NYSE:SKE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 75,001 shares of the company’s stock, valued at approximately $1,194,000. Marex Group plc owned about 0.07% of Skeena Resources as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vident Advisory LLC bought a new position in shares of Skeena Resources during the 2nd quarter valued at $539,000. Tidal Investments LLC increased its position in Skeena Resources by 44.5% during the second quarter. Tidal Investments LLC now owns 37,897 shares of the company’s stock valued at $603,000 after acquiring an additional 11,672 shares during the last quarter. Shay Capital LLC bought a new position in Skeena Resources in the second quarter valued at about $1,194,000. BNP Paribas Financial Markets grew its position in Skeena Resources by 88.1% during the second quarter. BNP Paribas Financial Markets now owns 78,200 shares of the company’s stock valued at $1,245,000 after buying an additional 36,633 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in shares of Skeena Resources by 44.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 54,349 shares of the company’s stock worth $865,000 after purchasing an additional 16,720 shares in the last quarter. Institutional investors own 45.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SKE. Wall Street Zen raised shares of Skeena Resources from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research note on Thursday, October 23rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Skeena Resources in a report on Friday, October 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, October 8th. Finally, Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Skeena Resources has a consensus rating of “Moderate Buy”.

Skeena Resources Price Performance

Shares of NYSE SKE opened at $24.41 on Monday. The firm’s 50 day simple moving average is $18.77 and its 200-day simple moving average is $16.94. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -33.44 and a beta of 1.22. Skeena Resources Limited has a 12 month low of $8.53 and a 12 month high of $26.05.

Skeena Resources (NYSE:SKE) last posted its earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Analysts anticipate that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.

Skeena Resources Company 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.