1832 Asset Management L.P. Sells 1,200,000 Shares of Skeena Resources Limited (NYSE:SKE)

1832 Asset Management L.P. reduced its position in Skeena Resources Limited (NYSE:SKE) by 92.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company’s stock after selling 1,200,000 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.09% of Skeena Resources worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SKE. Nokomis Capital L.L.C. bought a new position in Skeena Resources in the 1st quarter worth $155,000. Knoll Capital Management LLC bought a new position in shares of Skeena Resources in the first quarter worth about $179,000. Corundum Trust Company INC purchased a new stake in shares of Skeena Resources during the second quarter worth about $350,000. TD Asset Management Inc purchased a new position in Skeena Resources in the 2nd quarter worth approximately $405,000. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in Skeena Resources by 3.4% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 340,080 shares of the company’s stock worth $1,656,000 after purchasing an additional 11,085 shares during the period. 45.15% of the stock is owned by hedge funds and other institutional investors.

Skeena Resources Price Performance

Skeena Resources stock opened at $8.53 on Friday. Skeena Resources Limited has a 1 year low of $3.05 and a 1 year high of $9.42. The firm’s 50 day moving average price is $7.43 and its 200-day moving average price is $5.78. The stock has a market cap of $909.30 million, a P/E ratio of -8.36 and a beta of 1.36.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). As a group, equities analysts expect that Skeena Resources Limited will post -0.52 EPS for the current year.

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.