D. E. Shaw & Co. Inc. Decreases Holdings in Skeena Resources Limited (NYSE:SKE)

D. E. Shaw & Co. Inc. reduced its position in Skeena Resources Limited (NYSE:SKE) by 42.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,300 shares of the company’s stock after selling 165,900 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.21% of Skeena Resources worth $1,975,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC purchased a new position in Skeena Resources in the fourth quarter valued at about $31,000. Tower Research Capital LLC TRC boosted its holdings in Skeena Resources by 2,067.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock valued at $51,000 after purchasing an additional 5,541 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Skeena Resources during the fourth quarter valued at approximately $89,000. Howland Capital Management LLC acquired a new stake in Skeena Resources during the fourth quarter valued at approximately $96,000. Finally, Eagle Global Advisors LLC acquired a new stake in Skeena Resources during the fourth quarter valued at approximately $112,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Skeena Resources Stock Up 2.8%

Shares of NYSE SKE opened at $12.67 on Thursday. The stock’s 50 day moving average price is $11.13 and its two-hundred day moving average price is $10.08. Skeena Resources Limited has a 52-week low of $4.10 and a 52-week high of $13.15. The stock has a market capitalization of $1.45 billion, a P/E ratio of -9.25 and a beta of 1.20.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). On average, analysts anticipate that Skeena Resources Limited will post -0.98 EPS for the current year.

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.