Van ECK Associates Corp Trims Stake in Skeena Resources Limited (NYSE:SKE)

Van ECK Associates Corp cut its holdings in Skeena Resources Limited (NYSE:SKE) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,318,753 shares of the company’s stock after selling 88,089 shares during the period. Van ECK Associates Corp owned 4.07% of Skeena Resources worth $23,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. HTLF Bank bought a new position in Skeena Resources in the 1st quarter worth $125,000. Nokomis Capital L.L.C. purchased a new position in shares of Skeena Resources during the 1st quarter valued at about $155,000. Knoll Capital Management LLC bought a new position in shares of Skeena Resources during the 1st quarter valued at approximately $179,000. Corundum Trust Company INC bought a new position in shares of Skeena Resources during the 2nd quarter valued at approximately $350,000. Finally, Goehring & Rozencwajg Associates LLC raised its stake in Skeena Resources by 3.4% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 340,080 shares of the company’s stock worth $1,656,000 after acquiring an additional 11,085 shares during the period. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

NYSE:SKE traded up $0.08 during trading hours on Friday, hitting $7.65. 596,658 shares of the stock traded hands, compared to its average volume of 508,512. Skeena Resources Limited has a 1 year low of $3.05 and a 1 year high of $8.45. The stock has a 50 day moving average price of $6.52 and a 200 day moving average price of $5.20.

Skeena Resources (NYSE:SKE) last released its earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). Research analysts expect that Skeena Resources Limited will post -0.38 EPS for the current fiscal year.

About Skeena Resources

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.