Deutsche Bank AG Grows Position in Skeena Resources Limited $SKE

Deutsche Bank AG increased its position in Skeena Resources Limited (NYSE:SKE) by 49.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 221,443 shares of the company’s stock after purchasing an additional 73,215 shares during the quarter. Deutsche Bank AG owned approximately 0.19% of Skeena Resources worth $2,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jupiter Asset Management Ltd. lifted its stake in shares of Skeena Resources by 28.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,616,139 shares of the company’s stock valued at $16,293,000 after purchasing an additional 357,146 shares during the period. TD Asset Management Inc lifted its stake in shares of Skeena Resources by 28.9% in the 1st quarter. TD Asset Management Inc now owns 1,285,382 shares of the company’s stock valued at $12,959,000 after purchasing an additional 288,312 shares during the period. Invesco Ltd. lifted its stake 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 valued at $6,836,000 after purchasing an additional 766,600 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Skeena Resources by 6.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 478,500 shares of the company’s stock valued at $4,826,000 after purchasing an additional 27,500 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Skeena Resources by 29.4% in the 4th quarter. Two Sigma Investments LP now owns 358,221 shares of the company’s stock valued at $3,124,000 after purchasing an additional 81,400 shares during the period. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Wall Street Analyst Weigh In

SKE has been the subject of a number of research analyst reports. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. TD Securities began coverage on Skeena Resources in a research report on Tuesday, August 12th. They set a “buy” rating for the company. Finally, CIBC reaffirmed an “outperform” rating on shares of Skeena Resources in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, Skeena Resources currently has an average rating of “Buy”.

Skeena Resources Stock Up 2.9%

SKE stock opened at $15.2060 on Thursday. Skeena Resources Limited has a twelve month low of $7.22 and a twelve month high of $17.25. The firm has a market cap of $1.75 billion, a PE ratio of -13.95 and a beta of 1.24. The business has a 50 day moving average of $15.46 and a 200 day moving average of $12.68.

Skeena Resources (NYSE:SKE) last posted its earnings results on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $1.90 million during the quarter, compared to analyst estimates of $1.90 million. On average, research analysts expect that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.

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.