Hudson Bay Capital Management LP Sells 34,747 Shares of Skeena Resources Limited $SKE

Hudson Bay Capital Management LP decreased its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 36.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,295 shares of the company’s stock after selling 34,747 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Skeena Resources were worth $1,111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SKE. PNC Financial Services Group Inc. boosted its holdings in shares of Skeena Resources by 431.1% during the third 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 during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Skeena Resources during the 1st quarter worth $89,000. Advisory Services Network LLC bought a new position in Skeena Resources in the 3rd quarter valued at about $99,000. Cutler Capital Management LLC bought a new position in Skeena Resources in the second quarter valued at approximately $167,000. Finally, Jain Global LLC bought a new position in shares of Skeena Resources in the 3rd quarter valued at $189,000. 45.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SKE has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Skeena Resources from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Skeena Resources Price Performance

Shares of SKE opened at $26.22 on Monday. Skeena Resources Limited has a one year low of $8.53 and a one year high of $38.77. The firm has a market capitalization of $3.18 billion, a PE ratio of -35.92 and a beta of 1.16. The company has a 50-day simple moving average of $31.83 and a two-hundred day simple moving average of $24.02.

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.