Van ECK Associates Corp Has $38.54 Million Stock Holdings in Skeena Resources Limited (NYSE:SKE)

Van ECK Associates Corp cut its holdings in Skeena Resources Limited (NYSE:SKE - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,434,738 shares of the company's stock after selling 577,760 shares during the period. Van ECK Associates Corp owned 4.12% of Skeena Resources worth $38,539,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its position in Skeena Resources by 2,252.9% in the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company's stock worth $34,000 after buying an additional 3,830 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Skeena Resources in the 3rd quarter valued at about $43,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Skeena Resources in the 3rd quarter worth $93,000. Howland Capital Management LLC acquired a new stake in Skeena Resources in the 4th quarter worth approximately $96,000. Finally, Virtu Financial LLC purchased a new position in Skeena Resources in the 3rd quarter worth $113,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Stock Down 0.1 %

SKE stock traded down $0.02 during mid-day trading on Monday, hitting $10.85. 507,613 shares of the company were exchanged, compared to its average volume of 281,497. The business has a fifty day simple moving average of $9.71 and a 200-day simple moving average of $8.91. Skeena Resources Limited has a 12-month low of $3.29 and a 12-month high of $11.74. The firm has a market capitalization of $1.17 billion, a P/E ratio of -7.92 and a beta of 1.29.

Wall Street Analyst Weigh In

Separately, Desjardins raised Skeena Resources to a "moderate buy" rating in a report on Thursday, October 31st.

Skeena Resources Company 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.