Skeena Resources Limited (NYSE:SKE) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its stake in shares of Skeena Resources Limited (NYSE:SKE) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,672 shares of the company’s stock after acquiring an additional 8,428 shares during the quarter. Legal & General Group Plc owned about 0.07% of Skeena Resources worth $684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SKE. Helikon Investments Ltd raised its stake in shares of Skeena Resources by 316.1% during the fourth 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 during the last quarter. Amundi increased its holdings in Skeena Resources by 9.8% in the fourth quarter. Amundi now owns 1,219,300 shares of the company’s stock valued at $11,632,000 after buying an additional 109,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Skeena Resources by 5.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,156,738 shares of the company’s stock valued at $10,046,000 after acquiring an additional 60,838 shares during the period. Sprott Inc. boosted its position in Skeena Resources by 5.1% during the fourth quarter. Sprott Inc. now owns 1,109,950 shares of the company’s stock worth $9,674,000 after purchasing an additional 54,242 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Skeena Resources by 4,414.9% in the 4th quarter. Invesco Ltd. now owns 783,964 shares of the company’s stock worth $6,836,000 after buying an additional 766,600 shares in the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Price Performance

Shares of NYSE SKE opened at $12.08 on Tuesday. The company has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $9.83. The company has a market cap of $1.38 billion, a PE ratio of -8.82 and a beta of 1.22. Skeena Resources Limited has a 12 month low of $4.10 and a 12 month high of $12.76.

Analyst Upgrades and Downgrades

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

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.