Helikon Investments Ltd Takes Position in Skeena Resources Limited (NYSE:SKE)

Helikon Investments Ltd bought a new position in shares of Skeena Resources Limited (NYSE:SKE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,146,397 shares of the company’s stock, valued at approximately $18,159,000. Skeena Resources makes up 1.6% of Helikon Investments Ltd’s investment portfolio, making the stock its 11th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Skeena Resources by 22.8% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock valued at $7,888,000 after buying an additional 273,300 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Skeena Resources during the 2nd quarter worth about $2,682,000. Bank of Montreal Can raised its stake in shares of Skeena Resources by 16.6% in the 2nd quarter. Bank of Montreal Can now owns 313,185 shares of the company’s stock valued at $1,681,000 after purchasing an additional 44,519 shares during the period. Marshall Wace LLP raised its stake in shares of Skeena Resources by 318.8% in the 2nd quarter. Marshall Wace LLP now owns 172,952 shares of the company’s stock valued at $929,000 after purchasing an additional 131,657 shares during the period. Finally, TD Asset Management Inc bought a new stake in shares of Skeena Resources in the second quarter valued at about $405,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Stock Down 4.0 %

Shares of NYSE:SKE traded down $0.40 during mid-day trading on Thursday, reaching $9.62. 196,992 shares of the stock were exchanged, compared to its average volume of 307,161. The company has a market cap of $1.03 billion, a P/E ratio of -8.95 and a beta of 1.37. The stock’s 50 day simple moving average is $8.65 and its 200-day simple moving average is $6.57. Skeena Resources Limited has a one year low of $3.05 and a one year high of $10.33.

Skeena Resources (NYSE:SKE) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.22). Analysts anticipate that Skeena Resources Limited will post -0.8 EPS for the current fiscal year.

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.