Franklin Resources Inc. Sells 218,000 Shares of Skeena Resources Limited (NYSE:SKE)

Franklin Resources Inc. decreased its holdings in Skeena Resources Limited (NYSE:SKE) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,419,150 shares of the company’s stock after selling 218,000 shares during the quarter. Franklin Resources Inc.’s holdings in Skeena Resources were worth $30,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Skeena Resources during the 3rd quarter worth about $113,000. Barclays PLC lifted its stake in shares of Skeena Resources by 130.6% in the third quarter. Barclays PLC now owns 29,696 shares of the company’s stock worth $251,000 after acquiring an additional 16,819 shares during the period. Geode Capital Management LLC acquired a new position in shares of Skeena Resources in the third quarter worth approximately $335,000. XTX Topco Ltd acquired a new stake in Skeena Resources during the 3rd quarter valued at approximately $215,000. Finally, National Bank of Canada FI raised its holdings in Skeena Resources by 356.4% during the 3rd quarter. National Bank of Canada FI now owns 51,922 shares of the company’s stock worth $439,000 after purchasing an additional 40,546 shares during the last quarter. 45.15% of the stock is currently owned by institutional investors and hedge funds.

Skeena Resources Trading Down 5.5 %

Shares of SKE opened at $8.87 on Thursday. The firm’s fifty day simple moving average is $9.22 and its two-hundred day simple moving average is $7.61. Skeena Resources Limited has a 12 month low of $3.29 and a 12 month high of $10.33. The stock has a market capitalization of $952.32 million, a P/E ratio of -6.47 and a beta of 1.26.

Analyst Ratings Changes

Separately, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

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.