FY2025 EPS Estimates for Skeena Resources Cut by Desjardins

Key Points

• Desjardins has cut its FY2025 earnings estimates for Skeena Resources to ($0.55) per share, down from the previous estimate of ($0.13).
• Despite the downgrade, Skeena Resources’ stock received a "buy" rating from TD Securities, contributing to an average rating of "Buy" among analysts.
• Skeena Resources' shares have seen a recent increase of 3.4%, with a market capitalization of $2.15 billion and a PE ratio of -17.14.

Skeena Resources Limited (NYSE:SKE - Free Report) - Investment analysts at Desjardins decreased their FY2025 earnings estimates for Skeena Resources in a research note issued to investors on Thursday, September 25th. Desjardins analyst A. Carson now expects that the company will post earnings per share of ($0.55) for the year, down from their prior estimate of ($0.13). The consensus estimate for Skeena Resources' current full-year earnings is ($0.98) per share.

Separately, TD Securities started coverage on Skeena Resources in a research note on Tuesday, August 12th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Skeena Resources Stock Up 3.4%

Shares of Skeena Resources stock opened at $18.68 on Monday. Skeena Resources has a 12-month low of $7.32 and a 12-month high of $19.33. The firm has a market capitalization of $2.15 billion, a PE ratio of -17.14 and a beta of 1.26. The stock's fifty day moving average is $16.38 and its 200-day moving average is $14.03.

Skeena Resources (NYSE:SKE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.90 million during the quarter, compared to the consensus estimate of $1.90 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SKE. Osaic Holdings Inc. boosted its position in Skeena Resources by 16,173.0% during the 2nd quarter. Osaic Holdings Inc. now owns 16,273 shares of the company's stock worth $258,000 after acquiring an additional 16,173 shares during the period. Marex Group plc purchased a new stake in shares of Skeena Resources in the second quarter worth approximately $1,194,000. Vident Advisory LLC acquired a new stake in shares of Skeena Resources during the second quarter worth approximately $539,000. Tidal Investments LLC boosted its holdings in shares of Skeena Resources by 44.5% during the second quarter. Tidal Investments LLC now owns 37,897 shares of the company's stock worth $603,000 after purchasing an additional 11,672 shares during the period. Finally, Shay Capital LLC purchased a new position in Skeena Resources during the second quarter valued at approximately $1,194,000. 45.15% of the stock is owned by institutional investors and hedge funds.

Skeena Resources Company Profile

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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