Mackenzie Financial Corp Sells 580,585 Shares of Skeena Resources Limited (NYSE:SKE)

Mackenzie Financial Corp decreased its stake in Skeena Resources Limited (NYSE:SKE) by 94.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,433 shares of the company’s stock after selling 580,585 shares during the period. Mackenzie Financial Corp’s holdings in Skeena Resources were worth $153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKE. Intact Investment Management Inc. increased its stake in shares of Skeena Resources by 21.7% during the 3rd quarter. Intact Investment Management Inc. now owns 526,475 shares of the company’s stock worth $2,407,000 after purchasing an additional 93,800 shares during the last quarter. Raymond James & Associates grew its stake in shares of Skeena Resources by 54.4% during the 4th quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock worth $675,000 after acquiring an additional 48,728 shares during the period. Deutsche Bank AG increased its stake in shares of Skeena Resources by 11.9% in the third quarter. Deutsche Bank AG now owns 242,298 shares of the company’s stock worth $1,115,000 after purchasing an additional 25,852 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Skeena Resources by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,710,705 shares of the company’s stock worth $21,546,000 after buying an additional 17,672 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Skeena Resources by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after acquiring an additional 7,948 shares during the period. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Skeena Resources Stock Performance

Shares of SKE opened at $5.02 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.86 and a current ratio of 3.86. The stock has a market capitalization of $453.16 million, a price-to-earnings ratio of -5.28 and a beta of 1.37. Skeena Resources Limited has a 52-week low of $3.05 and a 52-week high of $7.65. The stock’s 50-day simple moving average is $4.38 and its 200 day simple moving average is $4.28.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Monday, April 1st. The company reported ($0.27) EPS for the quarter. Research analysts forecast that Skeena Resources Limited will post -0.21 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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.