Helikon Investments Ltd Takes $18.16 Million Position in Skeena Resources Limited (NYSE:SKE)

Helikon Investments Ltd acquired a new position in Skeena Resources Limited (NYSE:SKE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,146,397 shares of the company’s stock, valued at approximately $18,159,000. Skeena Resources comprises approximately 1.6% of Helikon Investments Ltd’s investment portfolio, making the stock its 11th largest position. Helikon Investments Ltd owned 2.01% of Skeena Resources as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Goehring & Rozencwajg Associates LLC raised its position in shares of 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 bought a new position in shares of Skeena Resources in the 2nd quarter valued at about $2,682,000. TD Asset Management Inc bought a new stake in shares of Skeena Resources during the second quarter worth approximately $405,000. Marshall Wace LLP raised its stake in shares of Skeena Resources by 318.8% during the second quarter. Marshall Wace LLP now owns 172,952 shares of the company’s stock worth $929,000 after buying an additional 131,657 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Skeena Resources by 16.6% in the second quarter. Bank of Montreal Can now owns 313,185 shares of the company’s stock valued at $1,681,000 after acquiring an additional 44,519 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Skeena Resources Stock Performance

SKE traded down $0.40 during trading on Thursday, reaching $9.62. 196,992 shares of the company’s stock were exchanged, compared to its average volume of 307,161. The company’s fifty day moving average price is $8.65 and its 200-day moving average price is $6.57. The firm has a market capitalization of $1.03 billion, a PE ratio of -8.95 and a beta of 1.37. Skeena Resources Limited has a fifty-two week low of $3.05 and a fifty-two week high of $10.33.

Skeena Resources (NYSE:SKE) last announced 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). Research analysts forecast that Skeena Resources Limited will post -0.8 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.