185,694 Shares in Skeena Resources Limited $SKE Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. bought a new stake in Skeena Resources Limited (NYSE:SKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 185,694 shares of the company’s stock, valued at approximately $4,931,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its position in shares of Skeena Resources by 41.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after purchasing an additional 455 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Skeena Resources during the 4th quarter worth $43,000. PNC Financial Services Group Inc. grew its stake in shares of Skeena Resources by 431.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock worth $44,000 after purchasing an additional 1,940 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Skeena Resources during the fourth quarter worth $45,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Skeena Resources in the first quarter valued at $89,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Analyst Ratings Changes

SKE has been the subject of several analyst reports. Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday, July 17th. Finally, Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Skeena Resources Stock Performance

Shares of SKE stock opened at $34.16 on Thursday. The stock has a 50 day simple moving average of $28.39 and a 200-day simple moving average of $30.22. Skeena Resources Limited has a 12-month low of $14.85 and a 12-month high of $38.77. The company has a market cap of $4.25 billion, a price-to-earnings ratio of -22.77 and a beta of 1.14. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 5.66.

Skeena Resources (NYSE:SKE) last issued its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). On average, equities analysts forecast that Skeena Resources Limited will post -1.23 EPS for the current year.

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.