Edmond DE Rothschild Holding S.A. Buys Shares of 185,694 Skeena Resources Limited $SKE

Key Points

• Edmond DE Rothschild Holding purchased 185,694 Skeena Resources shares worth approximately $4.93 million, representing about 0.15% of the company. Institutional investors and hedge funds collectively own 45.15% of SKE.
• Skeena shares opened at $34.16, near the upper end of their 52-week range of $14.85 to $38.77. The company reported a quarterly loss of $0.21 per share, missing analyst expectations of a $0.11 loss.
• Analyst opinions remain mixed, but MarketBeat lists a consensus rating of “Moderate Buy”, with one Strong Buy, three Buy, one Hold, and one Sell rating.

Edmond DE Rothschild Holding S.A. purchased a new stake in Skeena Resources Limited (NYSE:SKE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 185,694 shares of the company's stock, valued at approximately $4,931,000. Edmond DE Rothschild Holding S.A. owned about 0.15% of Skeena Resources as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SKE. Van ECK Associates Corp raised its holdings in Skeena Resources by 2.5% in the 4th quarter. Van ECK Associates Corp now owns 4,862,516 shares of the company's stock valued at $115,427,000 after buying an additional 120,909 shares during the period. Vanguard Group Inc. boosted its stake in Skeena Resources by 108.3% during the fourth quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company's stock worth $62,353,000 after buying an additional 1,364,835 shares during the period. Amundi increased its position in shares of Skeena Resources by 1.9% during the fourth quarter. Amundi now owns 2,536,138 shares of the company's stock valued at $60,183,000 after acquiring an additional 47,516 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Skeena Resources by 7.6% during the fourth quarter. Franklin Resources Inc. now owns 2,396,970 shares of the company's stock valued at $56,933,000 after acquiring an additional 168,932 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Skeena Resources by 44.6% in the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company's stock valued at $52,309,000 after acquiring an additional 679,709 shares during the period. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Price Performance

Skeena Resources stock opened at $34.16 on Thursday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 5.66. Skeena Resources Limited has a 52-week low of $14.85 and a 52-week high of $38.77. The firm has a market cap of $4.25 billion, a PE ratio of -22.77 and a beta of 1.14. The company's 50 day moving average is $28.39 and its two-hundred day moving average is $30.22.

Skeena Resources (NYSE:SKE - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). On average, research analysts expect that Skeena Resources Limited will post -1.23 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.

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