Van ECK Associates Corp Sells 577,760 Shares of Skeena Resources Limited (NYSE:SKE)

Van ECK Associates Corp reduced its holdings in Skeena Resources Limited (NYSE:SKE) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,434,738 shares of the company’s stock after selling 577,760 shares during the period. Van ECK Associates Corp owned approximately 4.12% of Skeena Resources worth $38,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in shares of Skeena Resources by 90.1% in the 3rd quarter. Jane Street Group LLC now owns 138,453 shares of the company’s stock valued at $1,176,000 after purchasing an additional 65,627 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Skeena Resources in the third quarter valued at about $547,000. Helikon Investments Ltd increased its holdings in Skeena Resources by 316.1% in the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company’s stock valued at $77,873,000 after purchasing an additional 6,784,027 shares during the last quarter. Knoll Capital Management LLC lifted its stake in Skeena Resources by 713.2% in the third quarter. Knoll Capital Management LLC now owns 315,400 shares of the company’s stock valued at $2,668,000 after buying an additional 276,614 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Skeena Resources by 207.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,095,900 shares of the company’s stock worth $9,309,000 after buying an additional 739,550 shares during the last quarter. 45.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Skeena Resources Stock Performance

SKE opened at $10.84 on Friday. The firm’s fifty day moving average is $9.64 and its two-hundred day moving average is $8.82. The firm has a market cap of $1.17 billion, a PE ratio of -7.91 and a beta of 1.29. Skeena Resources Limited has a twelve month low of $3.29 and a twelve month high of $11.74.

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.