Amundi Raises Holdings in Skeena Resources Limited (NYSE:SKE)

Amundi increased its stake in shares of Skeena Resources Limited (NYSE:SKE) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,219,300 shares of the company’s stock after buying an additional 109,300 shares during the quarter. Amundi owned about 1.13% of Skeena Resources worth $11,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 worth $9,309,000 after purchasing an additional 739,550 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of Skeena Resources during the 3rd quarter valued at $357,000. Dynamic Technology Lab Private Ltd purchased a new stake in Skeena Resources during the 3rd quarter worth $93,000. Quantbot Technologies LP purchased a new stake in Skeena Resources during the 3rd quarter worth $310,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Skeena Resources during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

Shares of SKE stock opened at $10.19 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -7.44 and a beta of 1.29. The company’s fifty day moving average price is $10.00 and its two-hundred day moving average price is $9.26. Skeena Resources Limited has a 12 month low of $4.10 and a 12 month high of $11.74.

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.