Goehring & Rozencwajg Associates LLC Reduces Holdings in Skeena Resources Limited $SKE

Goehring & Rozencwajg Associates LLC cut its stake in shares of Skeena Resources Limited (NYSE:SKE) by 35.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 562,975 shares of the company’s stock after selling 311,847 shares during the quarter. Skeena Resources accounts for about 1.3% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 27th largest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.46% of Skeena Resources worth $13,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SKE. Royal Bank of Canada boosted its holdings in Skeena Resources by 849.9% during the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after acquiring an additional 359,438 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Skeena Resources in the 1st quarter worth approximately $89,000. Goldman Sachs Group Inc. lifted its holdings in Skeena Resources by 174.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock worth $3,172,000 after buying an additional 199,654 shares during the period. Geode Capital Management LLC lifted its holdings in Skeena Resources by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after buying an additional 1,881 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Skeena Resources by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock worth $1,294,000 after buying an additional 4,037 shares during the period. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SKE shares. Wall Street Zen cut Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. One 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Skeena Resources Stock Performance

NYSE SKE opened at $28.07 on Friday. Skeena Resources Limited has a fifty-two week low of $13.81 and a fifty-two week high of $38.77. The stock has a 50 day simple moving average of $30.50 and a two-hundred day simple moving average of $29.03. The stock has a market cap of $3.42 billion, a P/E ratio of -18.59 and a beta of 1.11.

Skeena Resources Company 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.