Skeena Resources Limited $SKE Stock: Fiscal Wisdom Wealth Management LLC Decreases Position

Fiscal Wisdom Wealth Management LLC trimmed its position in shares of Skeena Resources Limited (NYSE:SKE) by 72.4% during the third quarter, Holdings Channel reports. The firm owned 10,730 shares of the company’s stock after selling 28,105 shares during the quarter. Fiscal Wisdom Wealth Management LLC’s holdings in Skeena Resources were worth $319,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Skeena Resources by 2,443.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,526 shares of the company’s stock worth $45,000 after buying an additional 1,466 shares during the last quarter. Tidal Investments LLC grew its stake in Skeena Resources by 67.1% in the 2nd quarter. Tidal Investments LLC now owns 105,707 shares of the company’s stock valued at $2,818,000 after acquiring an additional 42,436 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Skeena Resources in the 2nd quarter valued at about $271,000. Integrated Wealth Concepts LLC purchased a new position in Skeena Resources during the 2nd quarter valued at about $37,000. Finally, Groupe la Francaise increased its holdings in Skeena Resources by 1.1% during the 2nd quarter. Groupe la Francaise now owns 455,000 shares of the company’s stock valued at $12,132,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Thursday. Zacks Research upgraded shares of Skeena Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Royal Bank Of Canada upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Tuesday, September 15th. Finally, Wall Street Zen raised shares of Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Skeena Resources has an average rating of “Hold”.

Skeena Resources Stock Down 1.5%

Shares of NYSE:SKE opened at $31.45 on Friday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 5.66. Skeena Resources Limited has a 52-week low of $15.43 and a 52-week high of $38.77. The stock’s fifty day simple moving average is $32.11 and its 200-day simple moving average is $30.22. The company has a market capitalization of $3.95 billion, a P/E ratio of -20.97 and a beta of 1.18.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). As a group, equities research analysts forecast that Skeena Resources Limited will post -1.27 earnings per share for the current fiscal year.

About Skeena Resources

Skeena Resources Limited is a Canadian mineral exploration and development company focused on advancing precious-metals projects in British Columbia’s Golden Triangle. The company’s primary asset is the Eskay Creek gold-silver project, a past-producing mine that Skeena is working to redevelop as a modern open-pit operation.

Skeena’s activities include exploration, resource evaluation, technical studies, permitting and project development. Eskay Creek contains gold and silver mineralization, and the company is evaluating the infrastructure and processing requirements needed to support a potential restart of the site.