Erste Asset Management GmbH Sells 53,600 Shares of Skeena Resources Limited $SKE

Erste Asset Management GmbH reduced its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 66.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,800 shares of the company’s stock after selling 53,600 shares during the period. Erste Asset Management GmbH’s holdings in Skeena Resources were worth $498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of Skeena Resources by 431.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after purchasing an additional 1,940 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Skeena Resources during the first quarter valued at about $89,000. Cutler Capital Management LLC purchased a new stake in Skeena Resources in the second quarter worth about $167,000. XTX Topco Ltd purchased a new stake in Skeena Resources in the second quarter worth about $191,000. Finally, Quantbot Technologies LP raised its stake in shares of Skeena Resources by 40.5% in the second quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock worth $208,000 after buying an additional 3,767 shares during the period. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Price Performance

SKE stock opened at $38.14 on Monday. Skeena Resources Limited has a 1-year low of $8.53 and a 1-year high of $38.32. The business has a 50 day simple moving average of $29.56 and a two-hundred day simple moving average of $22.30. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of -52.24 and a beta of 1.16.

Analyst Ratings Changes

SKE has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Skeena Resources from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.