Scotiabank Expects Higher Earnings for Skeena Resources

Key Points

• Scotiabank raised its FY2026 EPS forecast for Skeena Resources slightly, to a loss of $1.36 per share from a previous estimate of $1.37, though this remains below the consensus loss estimate of $1.22.
• Skeena reported a quarterly loss of $0.21 per share, missing analysts’ expected loss of $0.11. Despite mixed analyst opinions, the stock carries a “Moderate Buy” average rating.
• Institutional ownership stands at 45.15%, with major investors including Royal Bank of Canada and Goldman Sachs significantly increasing their stakes during the year.

Skeena Resources Limited (NYSE:SKE - Free Report) - Analysts at Scotiabank increased their FY2026 earnings per share estimates for Skeena Resources in a research note issued on Wednesday, August 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of ($1.36) per share for the year, up from their prior estimate of ($1.37). The consensus estimate for Skeena Resources' current full-year earnings is ($1.22) per share.

Several other research firms have also commented on SKE. Wall Street Zen upgraded shares of Skeena Resources from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Zacks Research upgraded shares of Skeena Resources from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Skeena Resources in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Skeena Resources currently has an average rating of "Moderate Buy".

Skeena Resources Stock Up 0.0%

Shares of NYSE:SKE opened at $34.88 on Monday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 3.15 and a current ratio of 3.15. Skeena Resources has a 1 year low of $14.85 and a 1 year high of $38.77. The stock has a market capitalization of $4.34 billion, a P/E ratio of -23.25 and a beta of 1.14. The stock has a 50-day simple moving average of $28.70 and a 200-day simple moving average of $30.31.

Skeena Resources (NYSE:SKE - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.10).

Hedge Funds Weigh In On Skeena Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Skeena Resources by 849.9% during the first quarter. Royal Bank of Canada now owns 401,729 shares of the company's stock valued at $4,053,000 after purchasing an additional 359,438 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Skeena Resources during the first quarter worth $89,000. Goldman Sachs Group Inc. boosted its stake in shares of Skeena Resources by 174.0% in the first quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company's stock valued at $3,172,000 after purchasing an additional 199,654 shares during the period. Geode Capital Management LLC boosted its stake in shares of Skeena Resources by 4.3% in the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company's stock valued at $719,000 after purchasing an additional 1,881 shares during the period. Finally, Legal & General Group Plc grew its holdings in Skeena Resources by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company's stock valued at $1,294,000 after purchasing an additional 4,037 shares in the last quarter. Hedge funds and other institutional investors 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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