Desjardins Analysts Decrease Earnings Estimates for TSE:SKE

Key Points

• Desjardins analysts have revised their FY2025 earnings per share (EPS) estimate for Skeena Resources from ($0.19) to ($0.76), indicating a more pessimistic outlook.
• Despite the earnings estimate cut, several firms, including CIBC and the Royal Bank of Canada, have increased their price targets for Skeena Resources, with the average target now at C$25.50.
• Skeena Resources' stock saw a 3.7% increase recently, and the company has a market capitalization of C$3.00 billion with a current ratio of 1.87.

Skeena Resources Limited (TSE:SKE - Free Report) - Research analysts at Desjardins decreased their FY2025 earnings per share (EPS) estimates for shares of Skeena Resources in a note issued to investors on Thursday, September 25th. Desjardins analyst A. Carson now anticipates that the company will post earnings of ($0.76) per share for the year, down from their prior forecast of ($0.19). The consensus estimate for Skeena Resources' current full-year earnings is ($0.49) per share.

SKE has been the subject of a number of other research reports. CIBC boosted their price objective on shares of Skeena Resources from C$26.00 to C$36.00 in a research report on Thursday. Royal Bank Of Canada boosted their price target on Skeena Resources from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, June 23rd. TD Securities upgraded Skeena Resources to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial raised their price objective on Skeena Resources from C$21.00 to C$26.00 in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of "Strong Buy" and an average price target of C$25.50.

Skeena Resources Stock Up 3.7%

Shares of SKE stock opened at C$26.08 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. Skeena Resources has a 12 month low of C$10.34 and a 12 month high of C$26.41. The stock has a market cap of C$3.00 billion, a P/E ratio of -17.39 and a beta of 1.67. The company has a 50 day simple moving average of C$22.58 and a two-hundred day simple moving average of C$19.39.

Insider Buying and Selling

In other Skeena Resources news, Director Craig Andrew Parry sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of C$20.48, for a total transaction of C$307,203.00. Following the sale, the director directly owned 225,926 shares of the company's stock, valued at C$4,627,009.67. This trade represents a 6.23% decrease in their ownership of the stock. 1.51% of the stock is currently owned by corporate insiders.

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.

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