UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $547,000 in Skeena Resources Limited (NYSE:SKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Skeena Resources Limited (NYSE:SKE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,602 shares of the company’s stock, valued at approximately $547,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Skeena Resources as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SKE. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Skeena Resources during the third quarter worth about $43,000. Quantbot Technologies LP acquired a new position in Skeena Resources during the third quarter valued at approximately $310,000. Dynamic Technology Lab Private Ltd bought a new stake in Skeena Resources during the third quarter worth $93,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Skeena Resources in the 3rd quarter valued at $357,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Skeena Resources by 207.5% in the 3rd 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 during the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Trading Up 1.7 %

Shares of Skeena Resources stock opened at $9.05 on Friday. The firm’s 50 day moving average is $9.22 and its 200 day moving average is $7.62. The firm has a market capitalization of $971.64 million, a PE ratio of -6.61 and a beta of 1.26. Skeena Resources Limited has a 1 year low of $3.29 and a 1 year high of $10.33.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research 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.