Goehring & Rozencwajg Associates LLC Has $12.56 Million Position in Skeena Resources Limited (NYSE:SKE)

Goehring & Rozencwajg Associates LLC cut its stake in Skeena Resources Limited (NYSE:SKE - Free Report) by 22.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,165,367 shares of the company's stock after selling 339,800 shares during the quarter. Skeena Resources accounts for 2.3% of Goehring & Rozencwajg Associates LLC's holdings, making the stock its 14th biggest position. Goehring & Rozencwajg Associates LLC owned 1.02% of Skeena Resources worth $12,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake 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 in the last quarter. Aquatic Capital Management LLC acquired a new stake in Skeena Resources during the 4th quarter worth $89,000. Eagle Global Advisors LLC acquired a new stake in Skeena Resources during the 4th quarter worth $112,000. BNP Paribas Financial Markets acquired a new stake in Skeena Resources during the 4th quarter worth $128,000. Finally, Graham Capital Management L.P. acquired a new stake in Skeena Resources during the 4th quarter worth $135,000. 45.15% of the stock is owned by institutional investors.

Skeena Resources Price Performance

Shares of SKE traded down $0.10 during midday trading on Friday, hitting $15.68. The stock had a trading volume of 202,474 shares, compared to its average volume of 395,855. The company has a 50 day simple moving average of $13.49 and a two-hundred day simple moving average of $11.28. Skeena Resources Limited has a twelve month low of $5.63 and a twelve month high of $16.41. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -13.63 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SKE. CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th. Finally, Wall Street Zen downgraded shares of Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.