Orion Resource Partners LP Sells 7,720,340 Shares of Skeena Resources Limited (NYSE:SKE)

Orion Resource Partners LP trimmed its position in Skeena Resources Limited (NYSE:SKE - Free Report) by 50.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,720,339 shares of the company's stock after selling 7,720,340 shares during the period. Skeena Resources accounts for about 13.8% of Orion Resource Partners LP's investment portfolio, making the stock its 3rd biggest 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Skeena Resources during the 4th quarter valued at approximately $31,000. FNY Investment Advisers LLC grew its holdings in shares of Skeena Resources by 2,252.9% during the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company's stock valued at $34,000 after purchasing an additional 3,830 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Skeena Resources by 30.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 16,523 shares of the company's stock valued at $144,000 after purchasing an additional 3,878 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $51,000 after buying an additional 5,541 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Skeena Resources by 12.0% during the fourth quarter. Legal & General Group Plc now owns 78,672 shares of the company's stock worth $684,000 after buying an additional 8,428 shares during the period. 45.15% of the stock is owned by institutional investors.

Skeena Resources Price Performance

Shares of SKE traded down $0.20 during midday trading on Wednesday, reaching $12.91. The stock had a trading volume of 99,716 shares, compared to its average volume of 381,599. The company has a market capitalization of $1.47 billion, a P/E ratio of -9.40 and a beta of 1.20. The firm's 50 day moving average price is $10.64 and its 200-day moving average price is $9.93. Skeena Resources Limited has a 52 week low of $4.10 and a 52 week high of $13.16.

Analysts Set New Price Targets

Separately, Raymond James restated a "strong-buy" rating on shares of Skeena Resources in a research report on Friday, April 4th.

Skeena Resources Company 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.