Orion Resource Partners LP cut its stake in Skeena Resources Limited (NYSE:SKE - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,720,339 shares of the company's stock after selling 7,720,340 shares during the period. Skeena Resources makes up approximately 13.8% of Orion Resource Partners LP's holdings, making the stock its 3rd largest holding. Orion Resource Partners LP owned about 7.17% of Skeena Resources worth $67,321,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Skeena Resources during the fourth quarter worth $31,000. FNY Investment Advisers LLC raised its position in Skeena Resources by 2,252.9% during the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company's stock worth $34,000 after acquiring an additional 3,830 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Skeena Resources by 2,067.5% during 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 during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Skeena Resources in the fourth quarter valued at about $89,000. Finally, Howland Capital Management LLC purchased a new position in shares of Skeena Resources during the 4th quarter worth approximately $96,000. Hedge funds and other institutional investors own 45.15% of the company's stock.
Wall Street Analyst Weigh In
Separately, Raymond James reiterated a "strong-buy" rating on shares of Skeena Resources in a report on Friday, April 4th.
Read Our Latest Research Report on Skeena Resources
Skeena Resources Stock Performance
Skeena Resources stock traded down $0.11 during midday trading on Friday, reaching $11.23. 345,415 shares of the company were exchanged, compared to its average volume of 380,554. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -8.19 and a beta of 1.22. The firm's 50-day simple moving average is $10.53 and its 200-day simple moving average is $9.89. Skeena Resources Limited has a 1 year low of $4.10 and a 1 year high of $12.76.
Skeena Resources Company Profile
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Free Report)
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.
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