Jane Street Group LLC Increases Position in Skeena Resources Limited (NYSE:SKE)

Jane Street Group LLC lifted its stake in Skeena Resources Limited (NYSE:SKE) by 90.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,453 shares of the company’s stock after purchasing an additional 65,627 shares during the period. Jane Street Group LLC owned approximately 0.13% of Skeena Resources worth $1,176,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in Skeena Resources by 16.1% in the third quarter. Van ECK Associates Corp now owns 5,012,498 shares of the company’s stock valued at $42,406,000 after purchasing an additional 693,745 shares during the last quarter. Helikon Investments Ltd acquired a new stake in Skeena Resources in the 3rd quarter valued at about $18,159,000. Goehring & Rozencwajg Associates LLC grew its stake in Skeena Resources by 22.8% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock valued at $7,888,000 after acquiring an additional 273,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Skeena Resources by 207.5% during 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 acquiring an additional 739,550 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Skeena Resources during the second quarter worth about $2,682,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Skeena Resources Stock Performance

Skeena Resources stock opened at $9.29 on Monday. Skeena Resources Limited has a fifty-two week low of $3.29 and a fifty-two week high of $10.33. The company has a market capitalization of $997.41 million, a price-to-earnings ratio of -6.78 and a beta of 1.26. The stock has a fifty day moving average of $9.20 and a two-hundred day moving average of $7.84.

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.