UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 3,878 Shares of Skeena Resources Limited (NYSE:SKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Skeena Resources Limited (NYSE:SKE) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,480 shares of the company’s stock after buying an additional 3,878 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Skeena Resources worth $597,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SKE. Invesco Ltd. increased its holdings 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 during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Skeena Resources during the 4th quarter worth about $4,549,000. Raymond James Financial Inc. purchased a new position in shares of Skeena Resources during the 4th quarter worth about $1,342,000. Bank of America Corp DE boosted its stake in shares of Skeena Resources by 80.3% during the 4th quarter. Bank of America Corp DE now owns 307,838 shares of the company’s stock worth $2,684,000 after purchasing an additional 137,134 shares during the period. Finally, Amundi boosted its stake in shares of Skeena Resources by 9.8% during the 4th quarter. Amundi now owns 1,219,300 shares of the company’s stock worth $11,632,000 after purchasing an additional 109,300 shares during the period. 45.15% of the stock is currently owned by institutional investors.

Skeena Resources Price Performance

Shares of SKE stock opened at $13.88 on Thursday. The company has a market capitalization of $1.58 billion, a P/E ratio of -10.13 and a beta of 1.19. The company’s 50-day simple moving average is $12.07 and its two-hundred day simple moving average is $10.57. Skeena Resources Limited has a one year low of $4.10 and a one year high of $15.20.

Skeena Resources (NYSE:SKE) last issued its earnings results on Thursday, May 15th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). On average, research analysts expect that Skeena Resources Limited will post -0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. CIBC reaffirmed an “outperform” rating on shares of Skeena Resources in a research note on Thursday, May 22nd. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, April 4th.

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.