Erste Asset Management GmbH Sells 53,600 Shares of Skeena Resources Limited $SKE

Erste Asset Management GmbH decreased its position in shares of Skeena Resources Limited (NYSE:SKE) by 66.7% in the third quarter, HoldingsChannel reports. The firm owned 26,800 shares of the company’s stock after selling 53,600 shares during the quarter. Erste Asset Management GmbH’s holdings in Skeena Resources were worth $498,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Skeena Resources by 431.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after buying an additional 1,940 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Skeena Resources in the 1st quarter worth approximately $89,000. Cutler Capital Management LLC purchased a new stake in shares of Skeena Resources during the 2nd quarter worth approximately $167,000. XTX Topco Ltd purchased a new stake in shares of Skeena Resources during the 2nd quarter worth approximately $191,000. Finally, Quantbot Technologies LP boosted its position in shares of Skeena Resources by 40.5% during the 2nd quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock valued at $208,000 after acquiring an additional 3,767 shares during the last quarter. 45.15% of the stock is owned by institutional investors.

Skeena Resources Stock Up 2.1%

SKE stock opened at $38.14 on Monday. Skeena Resources Limited has a twelve month low of $8.53 and a twelve month high of $38.32. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of -52.24 and a beta of 1.16. The firm’s fifty day simple moving average is $29.56 and its two-hundred day simple moving average is $22.30.

Wall Street Analysts Forecast Growth

SKE has been the topic of several research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. Wall Street Zen raised shares of Skeena Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Scotiabank reiterated an “outperform” rating on shares of Skeena Resources in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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 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.