Mackenzie Financial Corp Showing Confidence in Skeena Resources Limited
December 24, 2022
Trending News ☀️
Skeena Resources ($TSX:SKE) Limited is a Canadian gold and base metals exploration and development company with a portfolio of projects in northwestern British Columbia. Recently, Mackenzie Financial Corp has increased its stake in Skeena Resources Limited by investing in the company’s common shares. The decision by Mackenzie Financial Corp to invest in Skeena Resources is a positive endorsement of the company’s operations and comes at a time when the stock market is experiencing volatility. This move is also likely to boost investor confidence in the company as it demonstrates that large financial institutions have faith in Skeena Resources’ potential for success. The increased investment from Mackenzie Financial Corp is a reflection of Skeena Resources’ strong track record of success and its commitment to responsible development.
The company has demonstrated its ability to make sound investments and to manage its operations responsibly. Overall, the increased investment from Mackenzie Financial Corp serves as a positive endorsement of Skeena Resources Limited. It shows that the company is well positioned for success and has the potential to grow in the future. With Mackenzie Financial Corp’s support, Skeena Resources can continue to expand its operations and pursue its goal of becoming a leading player in the gold and base metals exploration and development industry.
Price History
On Thursday, Skeena Resources Limited (SKEENA) saw a 2.1% decrease in its stock price, opening at CA$7.2 and closing at CA$7.0. This dip follows a trend of mostly negative news for the company. This move sends a strong signal of support for the company, and could help to increase investor confidence in the long term. The news of Mackenzie Financial Corp’s investment in SKEENA has been welcomed by many in the investor community, who are hopeful that it will help to turn the tide of negative news. If the company can continue to show resilience and make good use of the increased investment, it could be well positioned to grow in the coming years.
The investment is also good news for other investors, as it indicates that there is still potential value in SKEENA shares. This could open up opportunities for those looking to purchase more shares at a discounted price while they wait to see if the trend towards positive news continues. Overall, Mackenzie Financial Corp’s investment shows that there is still confidence in SKEENA, despite the mostly negative news that has been circulating recently. With this vote of confidence from one of the largest financial institutions in Canada, investors may feel more confident when making decisions about SKEENA stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Skeena Resources. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -105.23 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skeena Resources. More…
| Operations | Investing | Financing |
| -102.58 | -18.95 | 105.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Skeena Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 158.81 | 25.62 | 1.76 |
Key Ratios Snapshot
Some of the financial key ratios for Skeena Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | -59.2% | -48.5% |
VI Analysis
Skeena Resources is a medium risk investment when considering financial and business aspects, as determined by VI App. The app makes it easy to analyze a company’s fundamentals and get an insight into its long term potential. VI App has identified two risk warnings in the company’s balance sheet and cashflow statement. Investors should register with VI App to get access to these warnings and make an informed decision regarding their investment. The app uses financial data to generate a risk rating that gives an overview of a company’s financial health and stability. Further, it helps investors to identify any potential red flags in the company’s financials that may indicate a high risk investment. The app’s rating system is based on a variety of factors including profitability, liquidity, leverage, asset management, profitability, debt to equity, and market capitalization. It also considers any potential red flags in the balance sheet and cashflow statement. Investors can use this information as a guideline for their investments. The app also provides more detailed analysis on each of these factors along with historical data and industry comparisons. Ultimately, it is important for investors to conduct their own research and consult with advisors before making any investment decisions. However, with the help of the VI App, investors can get an informed opinion on the company’s fundamentals and make better investments. More…
VI Peers
Its competitors include Flying Nickel Mining Corp, AsiaBaseMetals Inc, and Silver Bull Resources Inc.
– Flying Nickel Mining Corp ($TSXV:FLYN)
The company’s market cap is 9M as of 2022. It is a Canadian mining company that is engaged in the business of exploring, developing and mining natural resources. The company’s primary focus is on the mining and processing of nickel, copper, cobalt and precious metals.
– AsiaBaseMetals Inc ($TSXV:ABZ)
Aurania Resources Ltd. is a Canadian mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its principal asset, and the focus of its exploration activities, is The Lost Cities – Cutucu Project located in southeastern Ecuador. The company also owns interests in projects in Peru and Brazil.
– Silver Bull Resources Inc ($OTCPK:SVBL)
Founded in 2004, Silver Bull Resources Inc is a Canadian-based exploration and development company with silver and gold properties in Mexico. The company has a market cap of 4.38M as of 2022 and a Return on Equity of -19.77%. Silver Bull Resources Inc is focused on the development of its Sierra Mojada project in Coahuila, Mexico.
Summary
Investing in Skeena Resources has become a hot topic in the financial world, as Mackenzie Financial Corp has recently shown confidence in the company. Skeena Resources is an exploration and development company focused on the acquisition and development of mineral properties. The company is involved in many projects across Canada, the United States, and Mexico. Skeena Resources has been actively exploring for copper, gold, and silver deposits and is considered to have a strong portfolio of mineral properties. With their vast experience in exploration and development, investors have been turning to the company as a potential source of returns. The recent confidence from Mackenzie Financial Corp has only added to the momentum and enthusiasm surrounding Skeena Resources.
Mackenzie Financial Corp is a large mutual fund company and is known for its conservative investments. Their decision to invest in Skeena Resources speaks volumes about the company and its potential for growth. Investors looking to get in on the trend are encouraged to do their own research before making any decisions. Skeena Resources is an exciting company with a lot of potential, and investors should carefully consider their options before investing. There are numerous risks involved with investing in the mining sector and it is important to weigh the potential rewards against the potential risks.
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