Skeena Resources Limited (NYSE:SKE - Free Report) - Equities research analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for Skeena Resources in a research note issued on Tuesday, April 23rd. Raymond James analyst C. Stanley now expects that the company will earn ($0.14) per share for the year, down from their previous estimate of ($0.11). The consensus estimate for Skeena Resources' current full-year earnings is ($0.19) per share. Raymond James also issued estimates for Skeena Resources' Q4 2024 earnings at ($0.03) EPS.
Skeena Resources (NYSE:SKE - Get Free Report) last posted its quarterly earnings data on Monday, April 1st. The company reported ($0.27) EPS for the quarter.
Skeena Resources Price Performance
Shares of SKE stock traded up $0.25 on Friday, reaching $4.93. The company's stock had a trading volume of 160,532 shares, compared to its average volume of 188,844. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.18. Skeena Resources has a 12-month low of $3.05 and a 12-month high of $7.65. The company has a market capitalization of $445.47 million, a P/E ratio of -5.19 and a beta of 1.37. The stock's 50 day simple moving average is $4.36 and its 200-day simple moving average is $4.28.
Institutional Investors Weigh In On Skeena Resources
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC bought a new position in Skeena Resources in the second quarter valued at $69,000. Mackenzie Financial Corp increased its stake in Skeena Resources by 0.5% in the third quarter. Mackenzie Financial Corp now owns 612,018 shares of the company's stock valued at $2,785,000 after acquiring an additional 3,270 shares during the last quarter. TD Asset Management Inc increased its stake in Skeena Resources by 8.7% in the third quarter. TD Asset Management Inc now owns 67,882 shares of the company's stock valued at $312,000 after acquiring an additional 5,418 shares during the last quarter. Van ECK Associates Corp increased its stake in Skeena Resources by 0.4% in the third quarter. Van ECK Associates Corp now owns 4,710,705 shares of the company's stock valued at $21,546,000 after acquiring an additional 17,672 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Skeena Resources by 11.9% in the third quarter. Deutsche Bank AG now owns 242,298 shares of the company's stock valued at $1,115,000 after acquiring an additional 25,852 shares during the last quarter. Hedge funds and other institutional investors own 45.15% of the company's stock.
About Skeena Resources
(
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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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.
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