Sprott Inc. Sells 33,584 Shares of Skeena Resources Limited $SKE
Sprott Inc. has reduced its stake in Skeena Resources Limited (NYSE:SKE) by 3.0%, selling 33,584 shares in the first quarter, leaving it with 1,076,366 shares valued at approximately $10.86 million. Other institutional investors have also adjusted their positions in SKE. The stock opened at $15.0650, with a market cap of $1.73 billion. Skeena reported a loss of $0.03 per share for the last quarter, missing estimates. Analysts maintain a generally positive outlook, with an average rating of "Buy" for the stock.
Sprott Inc. lowered its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,076,366 shares of the company's stock after selling 33,584 shares during the period. Sprott Inc. owned approximately 0.94% of Skeena Resources worth $10,859,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in SKE. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 5,541 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in shares of Skeena Resources during the 1st quarter valued at about $77,000. Aquatic Capital Management LLC bought a new stake in Skeena Resources in the fourth quarter valued at about $89,000. Banque Cantonale Vaudoise acquired a new stake in Skeena Resources during the first quarter valued at approximately $91,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Skeena Resources during the first quarter valued at approximately $101,000. Institutional investors and hedge funds own 45.15% of the company's stock.
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Skeena Resources Trading Down 0.9%
NYSE:SKE opened at $15.0650 on Friday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -13.82 and a beta of 1.24. The business's 50-day moving average price is $15.47 and its two-hundred day moving average price is $12.72. Skeena Resources Limited has a 1-year low of $7.22 and a 1-year high of $17.25.
Skeena Resources (NYSE:SKE - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.90 million. Sell-side analysts predict that Skeena Resources Limited will post -0.98 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on SKE. CIBC reaffirmed an "outperform" rating on shares of Skeena Resources in a research note on Thursday, May 22nd. TD Securities started coverage on Skeena Resources in a research report on Tuesday, August 12th. They issued a "buy" rating for the company. Finally, Wall Street Zen cut Skeena Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat, Skeena Resources currently has an average rating of "Buy".
Check Out Our Latest Stock Analysis on Skeena Resources
Skeena Resources Company Profile
(Free Report)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.
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