Y Intercept Hong Kong Ltd Makes New Investment in Skeena Resources Limited $SKE

Y Intercept Hong Kong Ltd acquired a new position in shares of Skeena Resources Limited (NYSE:SKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 89,579 shares of the company’s stock, valued at approximately $1,426,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of Skeena Resources as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SKE. Helikon Investments Ltd lifted its holdings in 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 buying an additional 2,986,891 shares in the last quarter. Bornite Capital Management LP acquired a new position in shares of Skeena Resources in the 1st quarter valued at $9,581,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Skeena Resources by 31.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,524,038 shares of the company’s stock valued at $15,370,000 after purchasing an additional 367,300 shares during the period. Royal Bank of Canada lifted its stake in shares of Skeena Resources by 849.9% in the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after purchasing an additional 359,438 shares during the period. Finally, 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. Institutional investors and hedge funds own 45.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SKE. Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Skeena Resources in a research note on Thursday, October 23rd. TD Securities began coverage on Skeena Resources in a research note on Tuesday, August 12th. They issued a “buy” rating on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Skeena Resources currently has a consensus rating of “Moderate Buy”.

Skeena Resources Trading Down 1.5%

Shares of Skeena Resources stock opened at $16.18 on Monday. The company has a market capitalization of $1.96 billion, a PE ratio of -14.84 and a beta of 1.27. Skeena Resources Limited has a 12 month low of $7.32 and a 12 month high of $20.77. The stock’s fifty day simple moving average is $17.61 and its 200 day simple moving average is $15.39.

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 during the quarter, compared to analyst estimates of $1.90 million. Analysts predict that Skeena Resources Limited will post -0.98 EPS for the current fiscal year.

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.