FNY Investment Advisers LLC Grows Position in Skeena Resources Limited (NYSE:SKE)

FNY Investment Advisers LLC lifted its holdings in Skeena Resources Limited (NYSE:SKE) by 2,252.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after buying an additional 3,830 shares during the period. FNY Investment Advisers LLC’s holdings in Skeena Resources were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKE. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Skeena Resources in the 3rd quarter valued at about $43,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skeena Resources in the third quarter valued at approximately $93,000. Pinnacle Wealth Management Group Inc. acquired a new stake in shares of Skeena Resources in the third quarter valued at approximately $110,000. Virtu Financial LLC purchased a new position in Skeena Resources during the third quarter worth approximately $113,000. Finally, Barclays PLC boosted its stake in Skeena Resources by 130.6% during the third quarter. Barclays PLC now owns 29,696 shares of the company’s stock worth $251,000 after buying an additional 16,819 shares during the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Skeena Resources Price Performance

Shares of SKE stock opened at $9.41 on Thursday. The company has a market capitalization of $1.01 billion, a PE ratio of -6.87 and a beta of 1.27. The firm’s 50-day moving average is $9.05 and its two-hundred day moving average is $8.25. Skeena Resources Limited has a 12 month low of $3.29 and a 12 month high of $10.33.

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.