Edmond DE Rothschild Holding S.A. Sells 31,941 Shares of Skeena Resources Limited (NYSE:SKE)

Edmond DE Rothschild Holding S.A. reduced its position in shares of Skeena Resources Limited (NYSE:SKE) by 21.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 119,151 shares of the company’s stock after selling 31,941 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Skeena Resources were worth $1,035,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Skeena Resources in the fourth quarter valued at about $31,000. FNY Investment Advisers LLC grew its stake in shares of 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 purchasing an additional 3,830 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Skeena Resources by 30.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,523 shares of the company’s stock valued at $144,000 after purchasing an additional 3,878 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Skeena Resources during the 3rd quarter valued at approximately $43,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Skeena Resources in the 3rd quarter worth approximately $93,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Stock Performance

Shares of SKE stock opened at $10.10 on Wednesday. The firm has a market cap of $1.14 billion, a P/E ratio of -7.37 and a beta of 1.29. The business’s 50 day moving average price is $10.24 and its 200-day moving average price is $9.50. Skeena Resources Limited has a fifty-two week low of $4.10 and a fifty-two week high of $11.74.

Skeena Resources 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.