Van ECK Associates Corp Trims Stock Position in Skeena Resources Limited (NYSE:SKE)

Van ECK Associates Corp cut its position in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,516,925 shares of the company's stock after selling 193,780 shares during the period. Van ECK Associates Corp owned 5.00% of Skeena Resources worth $22,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Skeena Resources by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company's stock worth $303,000 after acquiring an additional 7,948 shares during the period. TD Asset Management Inc raised its stake in Skeena Resources by 8.7% in the third 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 in the last quarter. Raymond James & Associates lifted its position in Skeena Resources by 54.4% during the fourth quarter. Raymond James & Associates now owns 138,367 shares of the company's stock worth $675,000 after purchasing an additional 48,728 shares during the period. Deutsche Bank AG increased its stake in 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 acquiring an additional 25,852 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its stake in Skeena Resources by 21.7% in the third quarter. Intact Investment Management Inc. now owns 526,475 shares of the company's stock valued at $2,407,000 after buying an additional 93,800 shares in the last quarter. Institutional investors and hedge funds own 45.15% of the company's stock.

Skeena Resources Price Performance

NYSE SKE traded up $0.19 during trading on Wednesday, hitting $4.93. 297,477 shares of the company's stock were exchanged, compared to its average volume of 189,839. The stock's 50 day moving average price is $4.40 and its two-hundred day moving average price is $4.29. The company has a market cap of $445.50 million, a PE ratio of -5.19 and a beta of 1.37. Skeena Resources Limited has a fifty-two week low of $3.05 and a fifty-two week high of $7.65. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.18.

Skeena Resources (NYSE:SKE - Get Free Report) last posted its earnings results on Monday, April 1st. The company reported ($0.27) earnings per share for the quarter. Research analysts expect that Skeena Resources Limited will post -0.21 EPS for the current 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 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.