Skeena Resources Limited Expected to Earn Q2 2024 Earnings of ($0.08) Per Share (TSE:SKE)

Skeena Resources Limited (TSE:SKE) – Equities researchers at Raymond James reduced their Q2 2024 earnings per share (EPS) estimates for Skeena Resources in a research note issued on Wednesday, June 26th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of ($0.08) per share for the quarter, down from their prior estimate of ($0.06). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Raymond James also issued estimates for Skeena Resources’ Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.51) EPS and FY2025 earnings at ($0.23) EPS.

Several other analysts also recently commented on SKE. Desjardins raised their price objective on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. BMO Capital Markets raised their price target on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Canaccord Genuity Group boosted their price objective on Skeena Resources from C$14.75 to C$17.00 in a research report on Tuesday, April 23rd. Finally, Scotiabank dropped their target price on shares of Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Wednesday, June 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$16.67.

Skeena Resources Price Performance

The business’s 50 day moving average is C$6.45 and its two-hundred day moving average is C$6.09. The firm has a market capitalization of C$666.55 million, a PE ratio of -5.69 and a beta of 1.68. The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00. Skeena Resources has a 52 week low of C$4.20 and a 52 week high of C$7.53.

Skeena Resources (TSE:SKE) last announced its quarterly earnings data on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24).

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total value of C$334,476.90. Insiders own 1.79% of the company’s stock.

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.