Skeena Resources (NYSE:SKE) Reaches New 12-Month High at $8.55

Skeena Resources Limited (NYSE:SKE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.55 and last traded at $8.45, with a volume of 97359 shares. The stock had previously closed at $7.87.

Skeena Resources Trading Up 7.9 %

The firm has a fifty day simple moving average of $6.94 and a 200 day simple moving average of $5.42. The stock has a market cap of $905.03 million, a price-to-earnings ratio of -7.72 and a beta of 1.35.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). On average, equities analysts expect that Skeena Resources Limited will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Skeena Resources

Several institutional investors have recently added to or reduced their stakes in the company. Ruffer LLP boosted its stake in Skeena Resources by 31.1% in the fourth quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock worth $11,463,000 after purchasing an additional 555,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Skeena Resources during the 2nd quarter worth about $2,682,000. Goehring & Rozencwajg Associates LLC increased its position in Skeena Resources by 22.8% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock valued at $7,888,000 after acquiring an additional 273,300 shares in the last quarter. Marshall Wace LLP increased its position in 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 acquiring an additional 131,657 shares in the last quarter. Finally, TD Asset Management Inc bought a new position in shares of Skeena Resources in the second quarter worth about $405,000. 45.15% of the stock is owned by institutional investors.

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.