Bank of Montreal Can Sells 197,641 Shares of Skeena Resources Limited (NYSE:SKE)

Bank of Montreal Can lessened its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 75.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,532 shares of the company’s stock after selling 197,641 shares during the period. Bank of Montreal Can owned 0.06% of Skeena Resources worth $569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sprott Inc. lifted its position in Skeena Resources by 5.1% during the 4th quarter. Sprott Inc. now owns 1,109,950 shares of the company’s stock valued at $9,674,000 after acquiring an additional 54,242 shares during the period. Jane Street Group LLC lifted its holdings in shares of Skeena Resources by 90.1% during the third quarter. Jane Street Group LLC now owns 138,453 shares of the company’s stock valued at $1,176,000 after purchasing an additional 65,627 shares during the last quarter. Helikon Investments Ltd boosted its position in shares of Skeena Resources by 316.1% in the 4th quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company’s stock worth $77,873,000 after purchasing an additional 6,784,027 shares in the last quarter. Amundi grew its stake in shares of Skeena Resources by 9.8% in the 4th quarter. Amundi now owns 1,219,300 shares of the company’s stock worth $11,632,000 after buying an additional 109,300 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Skeena Resources during the 4th quarter valued at approximately $1,342,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James restated a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, April 4th.

Skeena Resources Stock Down 1.1 %

Shares of SKE stock opened at $12.35 on Monday. The company has a 50 day moving average price of $10.25 and a 200-day moving average price of $9.68. Skeena Resources Limited has a 52 week low of $4.10 and a 52 week high of $12.65. The firm has a market capitalization of $1.41 billion, a PE ratio of -9.01 and a beta of 1.22.

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.