Skeena Resources Limited $SKE Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in Skeena Resources Limited (NYSE:SKE) by 66.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,164 shares of the company’s stock after selling 523,800 shares during the quarter. Invesco Ltd. owned about 0.23% of Skeena Resources worth $2,625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tower Research Capital LLC TRC raised its position in shares of Skeena Resources by 2,067.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock valued at $51,000 after acquiring an additional 5,541 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Skeena Resources in the 4th quarter valued at about $89,000. Banque Cantonale Vaudoise bought a new stake in shares of Skeena Resources during the 1st quarter valued at about $91,000. Mesirow Financial Investment Management Inc. acquired a new stake in Skeena Resources during the first quarter worth about $101,000. Finally, Eagle Global Advisors LLC acquired a new position in Skeena Resources in the fourth quarter valued at approximately $112,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen downgraded Skeena Resources from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. CIBC reiterated an “outperform” rating on shares of Skeena Resources in a research report on Thursday, May 22nd. Finally, TD Securities began coverage on shares of Skeena Resources in a research report on Tuesday, August 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Skeena Resources Trading Up 7.2%

Shares of NYSE:SKE opened at $16.76 on Friday. The firm has a market capitalization of $1.92 billion, a PE ratio of -15.37 and a beta of 1.24. The business’s 50 day moving average is $15.59 and its 200-day moving average is $12.91. Skeena Resources Limited has a 1-year low of $7.22 and a 1-year high of $17.25.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $1.90 million during the quarter, compared to the consensus estimate of $1.90 million. On average, sell-side analysts predict that Skeena Resources Limited will post -0.98 EPS for the current 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.