FY2026 EPS Forecast for Skeena Resources Raised by Analyst

Key Points

• Scotiabank raised its FY2026 earnings per share forecast for Skeena Resources from ($0.40) to ($0.38), indicating improved estimates for the company.
• Skeena Resources reported quarterly earnings of ($0.03) per share, missing the consensus estimate of ($0.02) by $0.01, with revenues aligning at $1.90 million.
• Institutional investors hold 45.15% of Skeena Resources' stock, reflecting ongoing interest in the company with multiple new stakes established recently.

Skeena Resources Limited (NYSE:SKE - Free Report) - Investment analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Skeena Resources in a report released on Wednesday, September 24th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of ($0.38) per share for the year, up from their previous estimate of ($0.40). The consensus estimate for Skeena Resources' current full-year earnings is ($0.98) per share.

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

Separately, TD Securities initiated coverage on Skeena Resources in a research note on Tuesday, August 12th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Skeena Resources Stock Performance

NYSE SKE opened at $18.68 on Monday. Skeena Resources has a twelve month low of $7.32 and a twelve month high of $19.33. The stock has a market capitalization of $2.15 billion, a PE ratio of -17.14 and a beta of 1.26. The stock has a 50-day simple moving average of $16.38 and a 200 day simple moving average of $14.03.

Institutional Trading of Skeena Resources

Several institutional investors have recently modified their holdings of the company. Northwest & Ethical Investments L.P. bought a new stake in shares of Skeena Resources in the 1st quarter valued at approximately $77,000. Cubist Systematic Strategies LLC bought a new stake in shares of Skeena Resources in the 1st quarter valued at approximately $89,000. Banque Cantonale Vaudoise bought a new stake in shares of Skeena Resources in the 1st quarter valued at approximately $91,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Skeena Resources in the 1st quarter valued at approximately $101,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Skeena Resources in the 4th quarter valued at approximately $128,000. 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.

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