Equities Analysts Offer Predictions for SKE FY2027 Earnings

Key Points

• Scotiabank lowered its FY2027 EPS forecast for Skeena Resources to $0.39 from $0.41 per share, while the current full-year consensus estimate remains a loss of $1.23 per share.
• Analyst sentiment is mixed but leans positive, with MarketBeat reporting a “Moderate Buy” consensus rating despite recent sell and hold recommendations.
• Skeena’s shares opened at $34.86 after rising 2.1%, but the company recently reported a quarterly loss of $0.21 per share, missing estimates by $0.10; institutional investors own 45.15% of the stock.

Skeena Resources Limited (NYSE:SKE - Free Report) - Analysts at Scotiabank lowered their FY2027 EPS estimates for shares of Skeena Resources in a report released on Wednesday, August 19th. Scotiabank analyst O. Habib now expects that the company will earn $0.39 per share for the year, down from their previous estimate of $0.41. The consensus estimate for Skeena Resources' current full-year earnings is ($1.23) per share.

Several other research firms also recently weighed in on SKE. Weiss Ratings reissued a "sell (d-)" rating on shares of Skeena Resources in a research report on Friday, July 17th. Wall Street Zen upgraded Skeena Resources from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Zacks Research raised shares of Skeena Resources from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Skeena Resources has a consensus rating of "Moderate Buy".

Skeena Resources Trading Up 2.1%

Shares of SKE stock opened at $34.86 on Friday. The company has a market cap of $4.34 billion, a PE ratio of -23.24 and a beta of 1.14. Skeena Resources has a 1 year low of $14.85 and a 1 year high of $38.77. The stock's 50 day simple moving average is $28.56 and its two-hundred day simple moving average is $30.27. The company has a debt-to-equity ratio of 5.66, a current ratio of 3.15 and a quick ratio of 3.15.

Skeena Resources (NYSE:SKE - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10).

Hedge Funds Weigh In On Skeena Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in SKE. Van ECK Associates Corp grew its position in shares of Skeena Resources by 99.7% in the 2nd quarter. Van ECK Associates Corp now owns 9,017,001 shares of the company's stock worth $240,403,000 after buying an additional 4,501,723 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Skeena Resources by 108.3% in the 4th quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company's stock valued at $62,353,000 after purchasing an additional 1,364,835 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Skeena Resources in the 2nd quarter worth approximately $19,768,000. Millennium Management LLC boosted its stake in Skeena Resources by 44.6% in the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company's stock worth $52,309,000 after purchasing an additional 679,709 shares in the last quarter. Finally, Bornite Capital Management LP purchased a new stake in Skeena Resources during the 4th quarter worth approximately $12,423,000. Institutional investors 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.

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