Skeena Resources Soars 32.40% in Four Days, Institutional Buying Drives Rally

Skeena Resources (SKE) shares surged 0.26% today, marking the fourth consecutive day of gains, with a cumulative increase of 32.40% over the past four days. The stock price reached its highest level since March 2022, with an intraday gain of 3.43%.

Several institutional investors have significantly increased their holdings in Skeena Resources, which may have contributed to the stock price rise. For instance, Helikon Investments Ltd grew its holdings by 316.1% during the fourth quarter, and Amundi increased its position by 9.8% in the same period. This increased institutional interest suggests a growing confidence in the company's prospects.

Analyst ratings have also played a role in the stock's recent performance. Raymond James reiterated a “strong-buy” rating for Skeena Resources on April 4th, 2025, which could positively influence investor sentiment and the stock price. This rating, along with the increased institutional holdings, indicates a favorable outlook for the company.

Additionally, Scotiabank raised its price target for Skeena Resources to C$15.50 from C$14.50, further supporting the positive expectations for the stock's future performance. This adjustment in the price target reflects the analysts' confidence in the company's growth potential and its ability to deliver strong returns for investors.