Franklin Resources Inc. Has $30.79 Million Position in Skeena Resources Limited (NYSE:SKE)

Franklin Resources Inc. lessened its position in shares of Skeena Resources Limited (NYSE:SKE) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,419,150 shares of the company’s stock after selling 218,000 shares during the period. Franklin Resources Inc. owned approximately 3.18% of Skeena Resources worth $30,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Goehring & Rozencwajg Associates LLC lifted its stake in Skeena Resources by 22.8% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock worth $7,888,000 after purchasing an additional 273,300 shares during the last quarter. Helikon Investments Ltd acquired a new stake in Skeena Resources in the third quarter valued at about $18,159,000. Knoll Capital Management LLC grew its position in Skeena Resources by 713.2% in the third quarter. Knoll Capital Management LLC now owns 315,400 shares of the company’s stock valued at $2,668,000 after acquiring an additional 276,614 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 worth $9,309,000 after acquiring an additional 739,550 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Skeena Resources in the 2nd quarter valued at approximately $2,682,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

Analysts Set New Price Targets

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

Skeena Resources Stock Down 5.5 %

Shares of SKE stock opened at $8.87 on Thursday. The firm has a market capitalization of $952.32 million, a P/E ratio of -6.47 and a beta of 1.26. Skeena Resources Limited has a twelve month low of $3.29 and a twelve month high of $10.33. The stock’s fifty day simple moving average is $9.22 and its 200 day simple moving average is $7.61.

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.