Healthcare of Ontario Pension Plan Trust Fund Invests $964,000 in Skeena Resources Limited $SKE

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Skeena Resources Limited (NYSE:SKE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,379 shares of the company’s stock, valued at approximately $964,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Skeena Resources by 108.3% in the 4th quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock worth $62,353,000 after buying an additional 1,364,835 shares during the last quarter. Millennium Management LLC increased its stake in shares of Skeena Resources by 44.6% during the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company’s stock valued at $52,309,000 after acquiring an additional 679,709 shares during the last quarter. Bornite Capital Management LP acquired a new position in shares of Skeena Resources during the 4th quarter valued at about $12,423,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Skeena Resources during the 4th quarter worth about $10,397,000. Finally, Bank of Montreal Can lifted its holdings in shares of Skeena Resources by 157.1% during the 3rd quarter. Bank of Montreal Can now owns 676,650 shares of the company’s stock worth $12,459,000 after acquiring an additional 413,444 shares during the period. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on SKE. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. Zacks Research lowered shares of Skeena Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Skeena Resources Trading Down 3.0%

SKE stock opened at $26.54 on Friday. The stock has a 50-day moving average price of $27.53 and a two-hundred day moving average price of $30.02. Skeena Resources Limited has a 12-month low of $13.81 and a 12-month high of $38.77. The company has a market cap of $3.30 billion, a PE ratio of -17.58 and a beta of 1.14.

About Skeena Resources

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.