Ingalls & Snyder LLC Reduces Position in Skeena Resources Limited (NYSE:SKE)

Ingalls & Snyder LLC reduced its position in shares of Skeena Resources Limited (NYSE:SKE) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the company’s stock after selling 50,000 shares during the period. Ingalls & Snyder LLC owned about 0.14% of Skeena Resources worth $1,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC raised its stake in Skeena Resources by 90.1% in the third quarter. Jane Street Group LLC now owns 138,453 shares of the company’s stock valued at $1,176,000 after buying an additional 65,627 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Skeena Resources during the 3rd quarter worth about $547,000. Helikon Investments Ltd raised its position 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 worth $77,873,000 after acquiring an additional 6,784,027 shares in the last quarter. Knoll Capital Management LLC lifted its stake in Skeena Resources by 713.2% during the third quarter. Knoll Capital Management LLC now owns 315,400 shares of the company’s stock worth $2,668,000 after purchasing an additional 276,614 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Skeena Resources by 207.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,095,900 shares of the company’s stock valued at $9,309,000 after purchasing an additional 739,550 shares in the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Skeena Resources Price Performance

Shares of SKE opened at $10.84 on Friday. Skeena Resources Limited has a 1-year low of $3.29 and a 1-year high of $11.74. The stock has a market cap of $1.17 billion, a PE ratio of -7.91 and a beta of 1.29. The firm has a fifty day moving average price of $9.64 and a 200 day moving average price of $8.82.

Analyst Upgrades and Downgrades

Separately, Desjardins raised 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.