Bank of Montreal Can Boosts Stock Position in Skeena Resources Limited (NYSE:SKE)

Bank of Montreal Can grew its position in shares of Skeena Resources Limited (NYSE:SKE) by 16.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,185 shares of the company’s stock after purchasing an additional 44,519 shares during the period. Bank of Montreal Can’s holdings in Skeena Resources were worth $1,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SKE. Goehring & Rozencwajg Associates LLC boosted its position in Skeena Resources by 22.8% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock worth $7,888,000 after acquiring an additional 273,300 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Skeena Resources during the second quarter worth $2,682,000. TD Asset Management Inc purchased a new stake in shares of Skeena Resources in the second quarter valued at $405,000. Corundum Trust Company INC purchased a new stake in shares of Skeena Resources in the second quarter valued at $350,000. Finally, Knoll Capital Management LLC acquired a new position in Skeena Resources in the first quarter valued at $179,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Trading Up 1.6 %

Shares of NYSE:SKE opened at $8.49 on Friday. The firm has a market cap of $901.40 million, a price-to-earnings ratio of -8.32 and a beta of 1.37. The stock’s 50-day moving average price is $7.66 and its two-hundred day moving average price is $5.92. Skeena Resources Limited has a 12-month low of $3.05 and a 12-month high of $9.42.

Skeena Resources (NYSE:SKE) last released its earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.22). As a group, research analysts forecast that Skeena Resources Limited will post -0.66 earnings per share for the current fiscal year.

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.