U S Global Investors Inc. Sells 55,000 Shares of Skeena Resources Limited (NYSE:SKE)

U S Global Investors Inc. cut its stake in shares of Skeena Resources Limited (NYSE:SKE) by 73.3% in the third quarter, Holdings Channel reports. The firm owned 20,000 shares of the company’s stock after selling 55,000 shares during the quarter. U S Global Investors Inc.’s holdings in Skeena Resources were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SKE. Pinnacle Wealth Management Group Inc. bought a new stake in Skeena Resources in the third quarter valued at approximately $110,000. Mackenzie Financial Corp bought a new stake in shares of Skeena Resources in the 2nd quarter valued at $179,000. Marshall Wace LLP raised its stake in Skeena Resources by 318.8% during the 2nd quarter. Marshall Wace LLP now owns 172,952 shares of the company’s stock worth $929,000 after buying an additional 131,657 shares during the period. Bank of Montreal Can lifted its holdings in Skeena Resources by 16.6% during the second quarter. Bank of Montreal Can now owns 313,185 shares of the company’s stock worth $1,681,000 after acquiring an additional 44,519 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its stake 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 valued at $7,888,000 after acquiring an additional 273,300 shares during the period. Institutional investors own 45.15% of the company’s stock.

Skeena Resources Trading Up 0.9 %

Shares of NYSE:SKE traded up $0.09 during trading on Tuesday, hitting $10.22. 27,768 shares of the company’s stock traded hands, compared to its average volume of 309,040. The company has a 50-day moving average price of $8.27 and a 200-day moving average price of $6.28. Skeena Resources Limited has a 52 week low of $3.05 and a 52 week high of $10.31. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -9.04 and a beta of 1.37.

Skeena Resources (NYSE:SKE) last announced its earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). On average, analysts predict that Skeena Resources Limited will post -0.8 earnings per share for the current fiscal year.

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.