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

Barclays PLC grew its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 130.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other large investors have also modified their holdings of SKE. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Skeena Resources in the third quarter valued at approximately $43,000. Dynamic Technology Lab Private Ltd acquired a new stake in Skeena Resources in the third quarter valued at $93,000. Pinnacle Wealth Management Group Inc. purchased a new stake in shares of Skeena Resources during the 3rd quarter worth $110,000. XTX Topco Ltd purchased a new stake in shares of Skeena Resources during the 3rd quarter worth $215,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Skeena Resources during the 2nd quarter worth $179,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Price Performance

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

Analysts Set New Price Targets

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

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.