Gilder Gagnon Howe & Co. LLC Sells 29,069 Shares of Skeena Resources Limited (NYSE:SKE)

Gilder Gagnon Howe & Co. LLC lowered its stake in Skeena Resources Limited (NYSE:SKE) by 18.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,447 shares of the company’s stock after selling 29,069 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Skeena Resources were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SKE. Jane Street Group LLC grew its stake in shares of Skeena Resources by 90.1% in the third quarter. Jane Street Group LLC now owns 138,453 shares of the company’s stock worth $1,176,000 after acquiring an additional 65,627 shares during the last quarter. Barclays PLC boosted its stake in Skeena Resources by 130.6% in the 3rd quarter. Barclays PLC now owns 29,696 shares of the company’s stock worth $251,000 after purchasing an additional 16,819 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Skeena Resources during the 3rd quarter valued at about $335,000. Virtu Financial LLC bought a new stake in Skeena Resources during the 3rd quarter valued at about $113,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of Skeena Resources by 2,252.9% in the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock worth $34,000 after buying an additional 3,830 shares in the last quarter. Institutional investors own 45.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James reiterated a “strong-buy” rating on shares of Skeena Resources in a research note on Friday, April 4th.

Skeena Resources Stock Performance

SKE opened at $12.10 on Friday. The company’s 50-day simple moving average is $10.38 and its two-hundred day simple moving average is $9.80. The stock has a market capitalization of $1.38 billion, a P/E ratio of -8.83 and a beta of 1.22. Skeena Resources Limited has a 52-week low of $4.10 and a 52-week high of $12.76.

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.