Investors Purchase Large Volume of Skeena Resources Call Options (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) was the recipient of unusually large options trading activity on Thursday. Traders acquired 3,736 call options on the stock. This represents an increase of approximately 178% compared to the typical volume of 1,342 call options.

Institutional Trading of Skeena Resources

Institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its position in shares of Skeena Resources by 41.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after acquiring an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Skeena Resources in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. increased its position in Skeena Resources by 431.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after buying an additional 1,940 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Skeena Resources in the fourth quarter valued at $45,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Skeena Resources in the 1st quarter valued at about $89,000. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Trading Down 5.6%

SKE stock opened at $26.87 on Friday. The firm has a market cap of $3.26 billion, a PE ratio of -36.81 and a beta of 1.17. Skeena Resources has a 1-year low of $8.53 and a 1-year high of $38.77. The business’s 50-day moving average price is $31.81 and its two-hundred day moving average price is $23.86.

Wall Street Analyst Weigh In

SKE has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Finally, Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently 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.