Deutsche Bank AG Acquires New Holdings in Skeena Resources Limited $SKE

Key Points

• Deutsche Bank acquired 217,367 shares of Skeena Resources in the second quarter, worth approximately $5.8 million and representing about 0.17% of the company. Institutional investors collectively own 45.15% of Skeena’s stock.
• Analyst sentiment remains mixed, though MarketBeat reports a consensus rating of “Moderate Buy”; recent ratings upgrades included moves from “strong sell” to “sell” and “hold.”
• Skeena shares opened at $35.10, near their 52-week high of $38.77, but the company reported a quarterly loss of $0.21 per share—worse than the expected $0.11 loss.

Deutsche Bank AG acquired a new stake in Skeena Resources Limited (NYSE:SKE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 217,367 shares of the company's stock, valued at approximately $5,795,000. Deutsche Bank AG owned approximately 0.17% of Skeena Resources as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in Skeena Resources during the 2nd quarter worth approximately $7,523,000. Royal Bank of Canada raised its holdings in Skeena Resources by 4.5% during the 1st quarter. Royal Bank of Canada now owns 1,291,911 shares of the company's stock worth $38,395,000 after buying an additional 55,463 shares during the period. UBS Group AG lifted its stake in Skeena Resources by 25.4% in the fourth quarter. UBS Group AG now owns 1,290,071 shares of the company's stock valued at $30,613,000 after buying an additional 260,954 shares in the last quarter. Intact Investment Management Inc. lifted its stake in Skeena Resources by 81.3% in the fourth quarter. Intact Investment Management Inc. now owns 157,200 shares of the company's stock valued at $3,734,000 after buying an additional 70,500 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its holdings in shares of Skeena Resources by 26.7% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 224,073 shares of the company's stock valued at $5,330,000 after buying an additional 47,150 shares during the period. Institutional investors and hedge funds own 45.15% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Skeena Resources from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Zacks Research raised shares of Skeena Resources from a "strong sell" rating to a "hold" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Skeena Resources in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Skeena Resources Stock Up 0.7%

Shares of Skeena Resources stock opened at $35.10 on Tuesday. The business's 50 day simple moving average is $28.80 and its 200 day simple moving average is $30.34. Skeena Resources Limited has a 52-week low of $15.23 and a 52-week high of $38.77. The firm has a market cap of $4.37 billion, a PE ratio of -23.40 and a beta of 1.14. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15.

Skeena Resources (NYSE:SKE - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.10). On average, analysts predict that Skeena Resources Limited will post -1.22 earnings per share for the current fiscal 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.

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