Intact Investment Management Inc. Makes New Investment in Skeena Resources Limited $SKE

Intact Investment Management Inc. bought a new stake in Skeena Resources Limited (NYSE:SKE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 86,700 shares of the company’s stock, valued at approximately $1,597,000. Intact Investment Management Inc. owned about 0.07% of Skeena Resources at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SKE. Helikon Investments Ltd boosted its stake in Skeena Resources by 17.7% in the 2nd quarter. Helikon Investments Ltd now owns 14,030,111 shares of the company’s stock valued at $223,359,000 after purchasing an additional 2,112,796 shares during the period. Amundi lifted its holdings in shares of Skeena Resources by 43.4% during the second quarter. Amundi now owns 2,258,524 shares of the company’s stock worth $35,640,000 after buying an additional 683,524 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new stake in shares of Skeena Resources during the second quarter worth $9,097,000. Royal Bank of Canada boosted its position in shares of Skeena Resources by 849.9% in the first quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after acquiring an additional 359,438 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Skeena Resources in the second quarter valued at about $4,753,000. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

Shares of NYSE:SKE opened at $32.13 on Tuesday. Skeena Resources Limited has a 52-week low of $8.53 and a 52-week high of $33.76. The company has a market capitalization of $3.89 billion, a PE ratio of -44.01 and a beta of 1.22. The company has a fifty day moving average of $23.92 and a 200-day moving average of $19.33.

Skeena Resources (NYSE:SKE) last issued its earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). On average, equities analysts forecast that Skeena Resources Limited will post -0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on SKE. Wall Street Zen raised shares of Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Raymond James Financial restated a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, October 10th. Finally, Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Skeena Resources has an average rating of “Moderate Buy”.

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.