Ruffer LLP Cuts Holdings in Skeena Resources Limited $SKE

Ruffer LLP trimmed its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 35.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 814,056 shares of the company’s stock after selling 455,999 shares during the period. Ruffer LLP’s holdings in Skeena Resources were worth $19,391,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock valued at $719,000 after purchasing an additional 1,881 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Skeena Resources by 431.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after purchasing an additional 1,940 shares during the last quarter. Swiss National Bank boosted its stake in Skeena Resources by 2.2% during the 3rd quarter. Swiss National Bank now owns 145,900 shares of the company’s stock valued at $2,688,000 after purchasing an additional 3,200 shares during the last quarter. Quantbot Technologies LP boosted its stake in Skeena Resources by 40.5% during the 2nd quarter. Quantbot Technologies LP now owns 13,077 shares of the company’s stock valued at $208,000 after purchasing an additional 3,767 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Skeena Resources by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock valued at $1,294,000 after purchasing an additional 4,037 shares during the last quarter. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SKE has been the topic of several recent analyst reports. Wall Street Zen downgraded Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday. Scotiabank restated an “outperform” rating on shares of Skeena Resources in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Skeena Resources Price Performance

SKE stock opened at $32.48 on Wednesday. The company has a market cap of $3.95 billion, a P/E ratio of -28.74 and a beta of 1.27. Skeena Resources Limited has a 1 year low of $10.92 and a 1 year high of $38.77. The stock’s fifty day moving average price is $32.11 and its 200-day moving average price is $26.00.

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.