Barclays PLC Increases Stock Position in Skeena Resources Limited (NYSE:SKE)

Barclays PLC lifted its position in shares of Skeena Resources Limited (NYSE:SKE) by 130.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,696 shares of the company’s stock after purchasing an additional 16,819 shares during the period. Barclays PLC’s holdings in Skeena Resources were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Skeena Resources in the third quarter valued at approximately $43,000. Dynamic Technology Lab Private Ltd acquired a new stake in Skeena Resources during the 3rd quarter worth $93,000. Pinnacle Wealth Management Group Inc. acquired a new stake in Skeena Resources during the 3rd quarter worth $110,000. XTX Topco Ltd purchased a new position in Skeena Resources during the 3rd quarter worth $215,000. Finally, Mackenzie Financial Corp acquired a new position in Skeena Resources in the second quarter valued at $179,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Trading Up 2.2 %

NYSE:SKE opened at $9.44 on Tuesday. Skeena Resources Limited has a 12-month low of $3.29 and a 12-month high of $10.33. The stock’s 50 day simple moving average is $9.08 and its 200-day simple moving average is $8.36. The firm has a market cap of $1.01 billion, a P/E ratio of -6.89 and a beta of 1.27.

Analyst Ratings Changes

Separately, Desjardins raised 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.