Scotiabank Predicts Increased Earnings for Skeena Resources

Key Points

• Scotiabank raised its FY2027 EPS estimate for Skeena Resources to C$0.55 from C$0.54, while the company’s latest quarterly results showed a loss of C$0.28 per share.
• Analyst sentiment remains positive: RBC set a C$64.00 price target with a “moderate buy” rating, and the stock has an overall “Buy” consensus with a C$52.83 target.
• Skeena is advancing its fully permitted Eskay Creek Gold-Silver Project toward initial production and cash flow in Q2 2027; an insider recently sold 50,000 shares, reducing his stake by 6.44%.

Skeena Resources Limited (TSE:SKE - Free Report) - Investment analysts at Scotiabank raised their FY2027 earnings estimates for shares of Skeena Resources in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.55 for the year, up from their previous estimate of $0.54. The consensus estimate for Skeena Resources' current full-year earnings is ($0.49) per share.

Separately, Royal Bank Of Canada set a C$64.00 target price on Skeena Resources and gave the stock a "moderate buy" rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$52.83.

Skeena Resources Price Performance

TSE:SKE opened at C$45.33 on Friday. The company has a quick ratio of 1.55, a current ratio of 3.15 and a debt-to-equity ratio of 657.17. The stock's 50 day moving average price is C$44.96 and its two-hundred day moving average price is C$42.13. The firm has a market capitalization of C$5.69 billion, a price-to-earnings ratio of -21.90 and a beta of 2.59. Skeena Resources has a 12-month low of C$21.61 and a 12-month high of C$53.00.

Skeena Resources (TSE:SKE - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.28) EPS for the quarter.

Insider Buying and Selling at Skeena Resources

In other news, insider Andrew Macritchie sold 50,000 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of C$39.86, for a total transaction of C$1,993,000.00. Following the completion of the sale, the insider owned 726,503 shares in the company, valued at approximately C$28,958,409.58. This trade represents a 6.44% decrease in their position. 1.51% of the stock is owned by insiders.

Skeena Resources Company Profile

Skeena is a leading precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia's Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world's highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines.

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