Equities Analysts Set Expectations for Skeena Resources Limited’s Q2 2024 Earnings (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Investment analysts at Raymond James decreased their Q2 2024 earnings estimates for shares of Skeena Resources in a research note issued to investors on Wednesday, June 26th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of ($0.06) for the quarter, down from their previous forecast of ($0.04). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.38) per share. Raymond James also issued estimates for Skeena Resources’ Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.37) EPS and FY2025 earnings at ($0.17) EPS.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19).

Skeena Resources Price Performance

SKE stock opened at $5.15 on Monday. The firm has a 50 day moving average of $4.73 and a 200-day moving average of $4.50. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $546.55 million, a P/E ratio of -5.04 and a beta of 1.32. Skeena Resources has a 12 month low of $3.05 and a 12 month high of $5.74.

Hedge Funds Weigh In On Skeena Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Knoll Capital Management LLC purchased a new stake in shares of Skeena Resources during the first quarter valued at approximately $179,000. Nokomis Capital L.L.C. purchased a new position in shares of Skeena Resources during the first quarter valued at about $155,000. HTLF Bank purchased a new position in shares of Skeena Resources during the 1st quarter worth approximately $125,000. Goehring & Rozencwajg Associates LLC raised its holdings in Skeena Resources by 3.4% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 340,080 shares of the company’s stock worth $1,656,000 after purchasing an additional 11,085 shares in the last quarter. Finally, Ruffer LLP lifted its position in Skeena Resources by 31.1% during the 4th quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock valued at $11,463,000 after acquiring an additional 555,000 shares during the period. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

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.