Waratah Capital Advisors Ltd. Invests $9.10 Million in Skeena Resources Limited $SKE

Waratah Capital Advisors Ltd. acquired a new stake in Skeena Resources Limited (NYSE:SKE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 571,429 shares of the company’s stock, valued at approximately $9,097,000.

Several other institutional investors have also added to or reduced their stakes in SKE. Helikon Investments Ltd boosted its stake in Skeena Resources by 17.7% in the second quarter. Helikon Investments Ltd now owns 14,030,111 shares of the company’s stock valued at $223,359,000 after buying an additional 2,112,796 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Skeena Resources by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after acquiring an additional 1,881 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Skeena Resources by 1.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,539,488 shares of the company’s stock valued at $24,503,000 after acquiring an additional 15,450 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in Skeena Resources by 195.5% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 138,900 shares of the company’s stock worth $2,205,000 after acquiring an additional 91,900 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Skeena Resources in the 2nd quarter worth about $1,426,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Stock Performance

NYSE:SKE opened at $17.53 on Friday. The company has a market capitalization of $2.12 billion, a PE ratio of -16.09 and a beta of 1.25. Skeena Resources Limited has a fifty-two week low of $7.57 and a fifty-two week high of $20.77. The company has a 50 day simple moving average of $17.69 and a two-hundred day simple moving average of $15.69.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Research analysts predict that Skeena Resources Limited will post -0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James Financial reissued a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, October 10th. TD Securities initiated coverage on shares of Skeena Resources in a report on Tuesday, August 12th. They set a “buy” rating on the stock. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Skeena Resources from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, October 8th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.