Fiscal Wisdom Wealth Management LLC Sells 103,329 Shares of Skeena Resources Limited $SKE

Fiscal Wisdom Wealth Management LLC trimmed its position in shares of Skeena Resources Limited (NYSE:SKE) by 61.9% during the first quarter, Holdings Channel.com reports. The firm owned 63,477 shares of the company’s stock after selling 103,329 shares during the period. Skeena Resources accounts for 1.8% of Fiscal Wisdom Wealth Management LLC’s holdings, making the stock its 6th biggest position. Fiscal Wisdom Wealth Management LLC’s holdings in Skeena Resources were worth $1,885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SKE. Van ECK Associates Corp raised its stake in shares of Skeena Resources by 2.5% in the fourth quarter. Van ECK Associates Corp now owns 4,862,516 shares of the company’s stock worth $115,427,000 after purchasing an additional 120,909 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Skeena Resources by 108.3% during the fourth quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock valued at $62,353,000 after buying an additional 1,364,835 shares during the last quarter. Amundi grew its holdings in Skeena Resources by 1.9% during the fourth quarter. Amundi now owns 2,536,138 shares of the company’s stock worth $60,183,000 after buying an additional 47,516 shares in the last quarter. Franklin Resources Inc. grew its holdings in Skeena Resources by 7.6% during the fourth quarter. Franklin Resources Inc. now owns 2,396,970 shares of the company’s stock worth $56,933,000 after buying an additional 168,932 shares in the last quarter. Finally, Millennium Management LLC raised its position in Skeena Resources by 44.6% in the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company’s stock valued at $52,309,000 after buying an additional 679,709 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Wall Street Analysts Forecast Growth

SKE has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. Finally, Zacks Research lowered shares of Skeena Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Skeena Resources currently has an average rating of “Moderate Buy”.

Skeena Resources Stock Down 8.1%

SKE stock opened at $25.29 on Friday. The firm has a market cap of $3.15 billion, a PE ratio of -16.75 and a beta of 1.14. The business has a 50 day moving average of $28.54 and a 200-day moving average of $29.89. Skeena Resources Limited has a 12-month low of $13.81 and a 12-month high of $38.77.

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 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.