Goehring & Rozencwajg Associates LLC Sells 311,847 Shares of Skeena Resources Limited $SKE

Goehring & Rozencwajg Associates LLC lowered its position in Skeena Resources Limited (NYSE:SKE) by 35.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 562,975 shares of the company’s stock after selling 311,847 shares during the period. 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’s holdings in Skeena Resources were worth $13,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Skeena Resources in the 4th quarter worth approximately $43,000. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 1,881 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 acquiring an additional 1,940 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in Skeena Resources by 30.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 10,524 shares of the company’s stock valued at $250,000 after buying an additional 2,460 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Skeena Resources by 23.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,271 shares of the company’s stock valued at $363,000 after buying an additional 2,852 shares in the last quarter. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Up 7.7%

SKE stock opened at $28.07 on Friday. Skeena Resources Limited has a twelve month low of $13.81 and a twelve month high of $38.77. The firm has a market cap of $3.42 billion, a PE ratio of -18.59 and a beta of 1.11. The business has a 50 day moving average of $30.50 and a 200 day moving average of $29.03.

Analyst Upgrades and Downgrades

SKE has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research report on Monday, April 20th. Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.