Skeena Resources Limited (NYSE:SKE) Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC reduced its holdings in Skeena Resources Limited (NYSE:SKE - Free Report) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,165,367 shares of the company's stock after selling 339,800 shares during the quarter. Skeena Resources comprises 2.3% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 14th largest position. Goehring & Rozencwajg Associates LLC owned approximately 1.02% of Skeena Resources worth $12,563,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings 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 worth $51,000 after acquiring an additional 5,541 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Skeena Resources in the fourth quarter worth $89,000. Eagle Global Advisors LLC bought a new stake in Skeena Resources in the fourth quarter worth $112,000. BNP Paribas Financial Markets purchased a new position in shares of Skeena Resources in the fourth quarter worth $128,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Skeena Resources in the fourth quarter worth $135,000. 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 research reports. Raymond James Financial reiterated a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th. Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, CIBC reiterated an "outperform" rating on shares of Skeena Resources in a research report on Thursday, May 22nd.

Skeena Resources Stock Performance

SKE stock traded up $0.26 on Monday, hitting $16.08. 873,317 shares of the company's stock were exchanged, compared to its average volume of 397,764. Skeena Resources Limited has a 12-month low of $5.63 and a 12-month high of $16.41. The firm has a 50 day moving average price of $13.49 and a two-hundred day moving average price of $11.30. The stock has a market cap of $1.85 billion, a P/E ratio of -13.98 and a beta of 1.26.

Skeena Resources (NYSE:SKE - Get Free Report) last issued its quarterly 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). Sell-side analysts expect that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.

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.