Deutsche Bank AG Trims Stake in Skeena Resources Limited (NYSE:SKE)

Deutsche Bank AG lowered its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,228 shares of the company's stock after selling 34,329 shares during the quarter. Deutsche Bank AG owned 0.14% of Skeena Resources worth $1,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Skeena Resources in the 4th quarter worth $31,000. Tower Research Capital LLC TRC raised its position in Skeena Resources by 2,067.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock worth $51,000 after purchasing an additional 5,541 shares during the period. Aquatic Capital Management LLC purchased a new position in Skeena Resources in the 4th quarter worth $89,000. Howland Capital Management LLC purchased a new position in Skeena Resources in the 4th quarter worth $96,000. Finally, Eagle Global Advisors LLC purchased a new position in Skeena Resources in the 4th quarter worth $112,000. Hedge funds and other institutional investors own 45.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SKE. Raymond James reissued a "strong-buy" rating on shares of Skeena Resources in a report on Friday, April 4th. CIBC reissued an "outperform" rating on shares of Skeena Resources in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Skeena Resources Price Performance

Skeena Resources stock traded up $0.21 during trading hours on Thursday, reaching $12.65. The stock had a trading volume of 183,186 shares, compared to its average volume of 390,460. The stock has a market cap of $1.44 billion, a PE ratio of -9.23 and a beta of 1.20. Skeena Resources Limited has a 52 week low of $4.10 and a 52 week high of $13.15. The company has a fifty day simple moving average of $11.28 and a 200-day simple moving average of $10.18.

Skeena Resources (NYSE:SKE - Get Free Report) last announced 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). Research analysts predict that Skeena Resources Limited will post -0.98 earnings per share for the current fiscal year.

Skeena Resources 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.