What is Scotiabank’s Forecast for TSE:SKE FY2024 Earnings?

Skeena Resources Limited (TSE:SKE) – Stock analysts at Scotiabank reduced their FY2024 earnings per share estimates for Skeena Resources in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn ($1.67) per share for the year, down from their previous estimate of ($1.10). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Scotiabank also issued estimates for Skeena Resources’ FY2025 earnings at ($0.59) EPS and FY2026 earnings at ($0.64) EPS.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada increased their price objective on Skeena Resources from C$17.00 to C$18.00 in a report on Friday, December 6th. CIBC decreased their price objective on shares of Skeena Resources from C$17.00 to C$16.00 in a research report on Monday, December 2nd. Finally, Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st.

Skeena Resources Stock Down 2.9 %

Shares of TSE SKE opened at C$13.61 on Monday. The stock has a market capitalization of C$1.45 billion, a PE ratio of -8.90 and a beta of 1.65. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The business’s fifty day moving average price is C$12.85 and its 200-day moving average price is C$11.25. Skeena Resources has a one year low of C$4.48 and a one year high of C$14.28.

Insider Transactions at Skeena Resources

In other news, Director Craig Andrew Parry sold 70,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$10.58, for a total transaction of C$740,509.00. Company insiders own 1.51% of the company’s stock.

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.