Skeena Resources Limited (NYSE:SKE) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its holdings in Skeena Resources Limited (NYSE:SKE) by 25.0% in the 4th quarter, Holdings Channel reports. The firm owned 150,000 shares of the company’s stock after selling 50,000 shares during the period. Ingalls & Snyder LLC’s holdings in Skeena Resources were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Helikon Investments Ltd increased its stake in Skeena Resources by 316.1% in the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company’s stock valued at $77,873,000 after purchasing an additional 6,784,027 shares during the period. Van ECK Associates Corp grew its holdings in shares of Skeena Resources by 16.1% during the third quarter. Van ECK Associates Corp now owns 5,012,498 shares of the company’s stock worth $42,406,000 after buying an additional 693,745 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 acquiring an additional 739,550 shares during the period. Knoll Capital Management LLC raised its stake in Skeena Resources by 713.2% during the 3rd 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. Finally, Jane Street Group LLC lifted its position in Skeena Resources by 90.1% during the 3rd quarter. Jane Street Group LLC now owns 138,453 shares of the company’s stock worth $1,176,000 after acquiring an additional 65,627 shares during the period. Institutional investors and hedge funds own 45.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Skeena Resources Stock Performance

Shares of Skeena Resources stock opened at $10.84 on Friday. Skeena Resources Limited has a one year low of $3.29 and a one year high of $11.74. The company has a market cap of $1.17 billion, a P/E ratio of -7.91 and a beta of 1.29. The firm has a fifty day moving average of $9.64 and a two-hundred day moving average of $8.82.

Skeena Resources 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.