Deutsche Bank AG Reduces Stock Position in Skeena Resources Limited (NYSE:SKE)

Deutsche Bank AG lessened its stake in Skeena Resources Limited (NYSE:SKE - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Skeena Resources in the 4th quarter valued at about $31,000. Tower Research Capital LLC TRC raised its holdings 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 acquired a new position in Skeena Resources in the 4th quarter worth about $89,000. Howland Capital Management LLC acquired a new position in Skeena Resources in the 4th quarter worth about $96,000. Finally, Eagle Global Advisors LLC acquired a new position in Skeena Resources in the 4th quarter worth about $112,000. Institutional investors and hedge funds own 45.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Raymond James reaffirmed a "strong-buy" rating on shares of Skeena Resources in a report on Friday, April 4th. Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a report on Thursday, May 22nd.

Skeena Resources Stock Down 0.7%

Shares of Skeena Resources stock traded down $0.09 during mid-day trading on Friday, reaching $12.50. 22,286 shares of the stock traded hands, compared to its average volume of 389,447. The business has a 50-day moving average of $11.32 and a 200 day moving average of $10.21. Skeena Resources Limited has a fifty-two week low of $4.10 and a fifty-two week high of $13.15. The stock has a market capitalization of $1.43 billion, a PE ratio of -9.13 and a beta of 1.20.

Skeena Resources (NYSE:SKE - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). On average, equities research analysts expect that Skeena Resources Limited will post -0.98 EPS 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.