Sprott Inc. Has $9.67 Million Stock Position in Skeena Resources Limited (NYSE:SKE)

Sprott Inc. raised its holdings in Skeena Resources Limited (NYSE:SKE) by 5.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,109,950 shares of the company’s stock after acquiring an additional 54,242 shares during the quarter. Sprott Inc.’s holdings in Skeena Resources were worth $9,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Howland Capital Management LLC acquired a new position in Skeena Resources during the fourth quarter worth about $96,000. Helikon Investments Ltd grew its holdings in shares of Skeena Resources by 316.1% during the 4th quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company’s stock valued at $77,873,000 after purchasing an additional 6,784,027 shares during the last quarter. FNY Investment Advisers LLC increased its position in Skeena Resources by 2,252.9% during the 4th quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock worth $34,000 after purchasing an additional 3,830 shares in the last quarter. Virtu Financial LLC bought a new position in Skeena Resources in the 3rd quarter valued at approximately $113,000. Finally, Barclays PLC boosted its position in Skeena Resources by 130.6% in the third quarter. Barclays PLC now owns 29,696 shares of the company’s stock valued at $251,000 after buying an additional 16,819 shares in the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Down 2.1 %

Shares of SKE opened at $9.94 on Wednesday. The stock has a market cap of $1.07 billion, a PE ratio of -7.26 and a beta of 1.29. Skeena Resources Limited has a 12-month low of $3.29 and a 12-month high of $11.74. The business has a 50-day simple moving average of $9.82 and a two-hundred day simple moving average of $9.10.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st.

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.