Jane Street Group LLC Increases Position in Skeena Resources Limited (NYSE:SKE)

Jane Street Group LLC increased its position in shares of Skeena Resources Limited (NYSE:SKE) by 90.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,453 shares of the company’s stock after acquiring an additional 65,627 shares during the quarter. Jane Street Group LLC’s holdings in Skeena Resources were worth $1,176,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Skeena Resources during the 3rd quarter worth $43,000. Dynamic Technology Lab Private Ltd purchased a new position in Skeena Resources during the third quarter worth about $93,000. Pinnacle Wealth Management Group Inc. acquired a new stake in Skeena Resources in the 3rd quarter worth about $110,000. Mackenzie Financial Corp acquired a new stake in Skeena Resources in the 2nd quarter worth about $179,000. Finally, Centiva Capital LP purchased a new stake in Skeena Resources in the 3rd quarter valued at about $297,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Skeena Resources Stock Up 0.7 %

NYSE:SKE opened at $9.29 on Monday. Skeena Resources Limited has a fifty-two week low of $3.29 and a fifty-two week high of $10.33. The firm’s 50 day moving average is $9.20 and its two-hundred day moving average is $7.84. The company has a market cap of $997.41 million, a P/E ratio of -6.78 and a beta of 1.26.

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.