FY2027 EPS Forecast for Skeena Resources Reduced by Analyst

Key Points

• Scotiabank cut its FY2027 EPS forecast for Skeena to $0.51 (from $0.57) while maintaining an Outperform rating, and the consensus estimate for the current full year remains a loss of ($0.98) per share.
• Analyst coverage is mixed—one Strong Buy, four Buy and one Sell—resulting in an average rating of Moderate Buy, with recent downgrades such as Wall Street Zen moving to Sell.
• Skeena opened at $33.37 with a market cap of $4.06 billion and a negative P/E of -29.53, and institutional investors now own 45.15% of the stock amid sizable position increases by Helikon, VanEck and Vanguard.

Skeena Resources Limited (NYSE:SKE - Free Report) - Analysts at Scotiabank lowered their FY2027 earnings estimates for shares of Skeena Resources in a note issued to investors on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.51 for the year, down from their previous forecast of $0.57. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Skeena Resources' current full-year earnings is ($0.98) per share.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Skeena Resources from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Skeena Resources in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Skeena Resources in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Skeena Resources Stock Down 0.2%

Shares of SKE opened at $33.37 on Monday. The stock has a market capitalization of $4.06 billion, a P/E ratio of -29.53 and a beta of 1.27. Skeena Resources has a twelve month low of $10.64 and a twelve month high of $38.77. The company has a 50 day moving average of $31.87 and a 200-day moving average of $25.27.

Institutional Investors Weigh In On Skeena Resources

Several large investors have recently made changes to their positions in the stock. Helikon Investments Ltd boosted its holdings in shares of Skeena Resources by 20.3% in the 3rd quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company's stock valued at $310,948,000 after buying an additional 2,841,708 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Skeena Resources by 2.5% in the 4th quarter. Van ECK Associates Corp now owns 4,862,516 shares of the company's stock valued at $115,427,000 after buying an additional 120,909 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,364,835 shares during the last quarter. Amundi boosted its holdings in shares of Skeena Resources by 1.9% in the 4th quarter. Amundi now owns 2,536,138 shares of the company's stock valued at $60,183,000 after buying an additional 47,516 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Skeena Resources by 7.6% in the 4th quarter. Franklin Resources Inc. now owns 2,396,970 shares of the company's stock valued at $56,933,000 after buying an additional 168,932 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company's stock.

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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