Fmr LLC Has $11.08 Million Position in Skeena Resources Limited (NYSE:SKE)

Fmr LLC reduced its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,304,400 shares of the company’s stock after selling 345,000 shares during the period. Fmr LLC owned 1.21% of Skeena Resources worth $11,082,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in shares of Skeena Resources during the 3rd quarter worth about $93,000. Pinnacle Wealth Management Group Inc. bought a new position in shares of Skeena Resources during the 3rd quarter worth about $110,000. Mackenzie Financial Corp bought a new position in shares of Skeena Resources during the 2nd quarter worth about $179,000. Pekin Hardy Strauss Inc. bought a new position in Skeena Resources in the 3rd quarter valued at about $357,000. Finally, Corundum Trust Company INC bought a new position in Skeena Resources in the 2nd quarter valued at about $350,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Stock Performance

Shares of NYSE SKE opened at $9.47 on Thursday. Skeena Resources Limited has a fifty-two week low of $3.29 and a fifty-two week high of $10.33. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -6.91 and a beta of 1.27. The firm’s 50-day simple moving average is $9.13 and its 200 day simple moving average is $7.44.

Analyst Upgrades and Downgrades

Separately, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st.

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.