Skeena Resources Limited $SKE Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in Skeena Resources Limited (NYSE:SKE) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,454,150 shares of the company’s stock after selling 90,000 shares during the period. Franklin Resources Inc. owned approximately 2.14% of Skeena Resources worth $39,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Helikon Investments Ltd raised its holdings in Skeena Resources by 33.4% in the 1st quarter. Helikon Investments Ltd now owns 11,917,315 shares of the company’s stock valued at $120,246,000 after acquiring an additional 2,986,891 shares during the last quarter. Bornite Capital Management LP acquired a new stake in shares of Skeena Resources in the first quarter valued at approximately $9,581,000. Waratah Capital Advisors Ltd. acquired a new stake in shares of Skeena Resources in the second quarter valued at approximately $9,097,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Skeena Resources by 31.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,524,038 shares of the company’s stock worth $15,370,000 after buying an additional 367,300 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Skeena Resources by 849.9% during the first quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after buying an additional 359,438 shares during the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Trading Up 3.6%

NYSE SKE opened at $19.55 on Thursday. The stock has a fifty day simple moving average of $17.78 and a 200-day simple moving average of $16.05. The stock has a market cap of $2.37 billion, a PE ratio of -17.94 and a beta of 1.25. Skeena Resources Limited has a twelve month low of $8.53 and a twelve month high of $20.77.

Skeena Resources (NYSE:SKE) last issued its quarterly earnings data 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). Research analysts predict that Skeena Resources Limited will post -0.98 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SKE. Raymond James Financial restated a “strong-buy” rating on shares of Skeena Resources in a report on Friday, October 10th. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a research report on Thursday, October 23rd. TD Securities began coverage on shares of Skeena Resources in a report on Tuesday, August 12th. They issued a “buy” rating for the company. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.