Research Analysts Issue Forecasts for SKE FY2024 Earnings

Skeena Resources Limited (NYSE:SKE) – Analysts at Scotiabank decreased their FY2024 earnings per share (EPS) estimates for shares of Skeena Resources in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn ($1.16) per share for the year, down from their prior estimate of ($0.81). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.80) per share. Scotiabank also issued estimates for Skeena Resources’ FY2025 earnings at ($0.41) EPS and FY2026 earnings at ($0.45) EPS.

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

Skeena Resources Stock Down 1.0 %

NYSE SKE opened at $9.44 on Monday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -6.89 and a beta of 1.27. Skeena Resources has a fifty-two week low of $3.29 and a fifty-two week high of $10.33. The business has a fifty day moving average of $9.05 and a 200-day moving average of $8.19.

Institutional Trading of Skeena Resources

A number of hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Skeena Resources during the 3rd quarter valued at about $43,000. Dynamic Technology Lab Private Ltd purchased a new stake in Skeena Resources in the third quarter valued at approximately $93,000. Pinnacle Wealth Management Group Inc. acquired a new position in Skeena Resources during the third quarter worth approximately $110,000. Virtu Financial LLC purchased a new position in Skeena Resources during the third quarter worth approximately $113,000. Finally, Barclays PLC boosted its holdings in shares of Skeena Resources by 130.6% in the 3rd quarter. Barclays PLC now owns 29,696 shares of the company’s stock valued at $251,000 after purchasing an additional 16,819 shares during the last quarter. Institutional investors and hedge funds own 45.15% 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.