Public Employees Retirement System of Ohio Has $258,000 Stock Position in Skeena Resources Limited $SKE

Public Employees Retirement System of Ohio lowered its stake in Skeena Resources Limited (NYSE:SKE) by 18.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,221 shares of the company’s stock after selling 3,748 shares during the period. Public Employees Retirement System of Ohio’s holdings in Skeena Resources were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SKE. Helikon Investments Ltd grew its position in shares of Skeena Resources by 33.4% during the 1st quarter. Helikon Investments Ltd now owns 11,917,315 shares of the company’s stock worth $120,246,000 after purchasing an additional 2,986,891 shares in the last quarter. Bornite Capital Management LP acquired a new position in shares of Skeena Resources during the 1st quarter worth approximately $9,581,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Skeena Resources by 31.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,524,038 shares of the company’s stock worth $15,370,000 after purchasing an additional 367,300 shares in the last quarter. Royal Bank of Canada grew its position in shares of Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after purchasing an additional 359,438 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in shares of Skeena Resources by 28.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,616,139 shares of the company’s stock worth $16,293,000 after purchasing an additional 357,146 shares in the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Securities assumed coverage on shares of Skeena Resources in a research report on Tuesday, August 12th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Skeena Resources Trading Up 3.8%

Shares of Skeena Resources stock opened at $18.13 on Tuesday. The company has a 50 day moving average of $16.62 and a 200-day moving average of $14.33. Skeena Resources Limited has a 1-year low of $7.32 and a 1-year high of $19.33. The company has a market cap of $2.09 billion, a PE ratio of -16.63 and a beta of 1.27.

Skeena Resources (NYSE:SKE) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $1.90 million for the quarter, compared to analyst estimates of $1.90 million. Research analysts forecast that Skeena Resources Limited will post -0.98 earnings per share 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.