The Manufacturers Life Insurance Company Sells 27,000 Shares of Skeena Resources Limited (NYSE:SKE)

The Manufacturers Life Insurance Company decreased its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,822 shares of the company’s stock after selling 27,000 shares during the period. The Manufacturers Life Insurance Company’s holdings in Skeena Resources were worth $1,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SKE. Allspring Global Investments Holdings LLC bought a new stake in shares of Skeena Resources during the 2nd quarter valued at about $2,682,000. Goehring & Rozencwajg Associates LLC boosted its holdings in Skeena Resources by 22.8% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock worth $7,888,000 after acquiring an additional 273,300 shares in the last quarter. Marshall Wace LLP boosted its holdings in Skeena Resources by 318.8% in the second quarter. Marshall Wace LLP now owns 172,952 shares of the company’s stock worth $929,000 after acquiring an additional 131,657 shares in the last quarter. TD Asset Management Inc bought a new position in Skeena Resources in the second quarter worth approximately $405,000. Finally, Corundum Trust Company INC bought a new position in Skeena Resources in the second quarter worth approximately $350,000. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

Shares of NYSE:SKE opened at $8.84 on Friday. The business’s 50 day simple moving average is $7.91 and its two-hundred day simple moving average is $6.09. The firm has a market cap of $939.11 million, a P/E ratio of -8.67 and a beta of 1.37. Skeena Resources Limited has a 52-week low of $3.05 and a 52-week high of $9.42.

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 the consensus estimate of ($0.06) by ($0.22). On average, equities analysts forecast that Skeena Resources Limited will post -0.66 earnings per share for the current fiscal 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.