Skeena Resources Limited (NYSE:SKE) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in Skeena Resources Limited (NYSE:SKE) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,228 shares of the company’s stock after selling 34,329 shares during the quarter. Deutsche Bank AG owned approximately 0.14% of Skeena Resources worth $1,293,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Skeena Resources during the fourth quarter worth $31,000. Pictet Asset Management Holding SA raised its holdings in Skeena Resources by 30.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,523 shares of the company’s stock worth $144,000 after purchasing an additional 3,878 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 period. Legal & General Group Plc increased its position in Skeena Resources by 12.0% during the 4th quarter. Legal & General Group Plc now owns 78,672 shares of the company’s stock worth $684,000 after purchasing an additional 8,428 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of Skeena Resources during the 4th quarter worth approximately $89,000. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Stock Performance

Shares of SKE stock opened at $12.27 on Monday. The stock has a market cap of $1.40 billion, a PE ratio of -8.96 and a beta of 1.20. Skeena Resources Limited has a 1 year low of $4.10 and a 1 year high of $13.15. The stock has a fifty day moving average price of $11.19 and a 200 day moving average price of $10.13.

Skeena Resources (NYSE:SKE) last posted its earnings results on Thursday, May 15th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). As a group, equities research analysts predict that Skeena Resources Limited will post -0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SKE shares. CIBC reissued an “outperform” rating on shares of Skeena Resources in a report on Thursday. Raymond James restated a “strong-buy” rating on shares of Skeena Resources in a research report on Friday, April 4th. Finally, Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Thursday.

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.