Skeena Resources Limited (NYSE:SKE) Stock Position Reduced by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in Skeena Resources Limited (NYSE:SKE - Free Report) by 94.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,433 shares of the company's stock after selling 580,585 shares during the quarter. Mackenzie Financial Corp's holdings in Skeena Resources were worth $153,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Skeena Resources by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company's stock worth $303,000 after buying an additional 7,948 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Skeena Resources by 8.7% in the 3rd quarter. TD Asset Management Inc now owns 67,882 shares of the company's stock valued at $312,000 after purchasing an additional 5,418 shares during the last quarter. Raymond James & Associates grew its stake in shares of Skeena Resources by 54.4% in the 4th quarter. Raymond James & Associates now owns 138,367 shares of the company's stock valued at $675,000 after purchasing an additional 48,728 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Skeena Resources by 11.9% in the third quarter. Deutsche Bank AG now owns 242,298 shares of the company's stock valued at $1,115,000 after purchasing an additional 25,852 shares during the period. Finally, Intact Investment Management Inc. raised its stake in shares of Skeena Resources by 21.7% during the third quarter. Intact Investment Management Inc. now owns 526,475 shares of the company's stock worth $2,407,000 after purchasing an additional 93,800 shares during the last quarter. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Stock Performance

NYSE:SKE traded down $0.29 during midday trading on Tuesday, reaching $4.74. The stock had a trading volume of 212,643 shares, compared to its average volume of 188,453. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.18. The stock has a market cap of $428.31 million, a P/E ratio of -4.99 and a beta of 1.37. The firm has a fifty day simple moving average of $4.38 and a two-hundred day simple moving average of $4.28. Skeena Resources Limited has a 12-month low of $3.05 and a 12-month high of $7.65.

Skeena Resources (NYSE:SKE - Get Free Report) last released its earnings results on Monday, April 1st. The company reported ($0.27) EPS for the quarter. On average, equities analysts expect that Skeena Resources Limited will post -0.21 EPS for the current 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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.