D. E. Shaw & Co. Inc. Sells 165,900 Shares of Skeena Resources Limited (NYSE:SKE)

D. E. Shaw & Co. Inc. lowered its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 42.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,300 shares of the company's stock after selling 165,900 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.21% of Skeena Resources worth $1,975,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Helikon Investments Ltd lifted its stake in shares of Skeena Resources by 316.1% in the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company's stock worth $77,873,000 after buying an additional 6,784,027 shares during the last quarter. Invesco Ltd. raised its holdings in Skeena Resources by 4,414.9% in the 4th quarter. Invesco Ltd. now owns 783,964 shares of the company's stock worth $6,836,000 after acquiring an additional 766,600 shares during the period. JPMorgan Chase & Co. acquired a new position in Skeena Resources during the 4th quarter worth $4,549,000. Raymond James Financial Inc. acquired a new position in Skeena Resources during the 4th quarter worth $1,342,000. Finally, Bank of America Corp DE boosted its holdings in Skeena Resources by 80.3% during the fourth quarter. Bank of America Corp DE now owns 307,838 shares of the company's stock valued at $2,684,000 after acquiring an additional 137,134 shares during the period. Institutional investors own 45.15% of the company's stock.

Skeena Resources Stock Down 0.8%

Skeena Resources stock traded down $0.10 during mid-day trading on Tuesday, reaching $12.19. The company had a trading volume of 587,316 shares, compared to its average volume of 393,247. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -8.90 and a beta of 1.20. The company has a 50 day moving average of $11.24 and a 200-day moving average of $10.17. Skeena Resources Limited has a 52 week low of $4.10 and a 52 week high of $13.15.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Raymond James reiterated a "strong-buy" rating on shares of Skeena Resources in a research note on Friday, April 4th. Wall Street Zen lowered Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd.

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.