Scotiabank Has Bullish Forecast for TSE:SKE FY2026 Earnings

Key Points

• Scotiabank has upgraded its FY2026 earnings per share forecast for Skeena Resources, raising the estimate from ($0.55) to ($0.53), while the consensus estimate stands at ($0.49).
• The stock has received positive ratings from multiple analysts, including a "strong-buy" from TD Securities and raised price targets from RBC and CIBC, indicating robust market confidence.
• Skeena Resources' stock opened at C$26.08 and has shown a 3.7% increase recently, with a market cap of C$3.00 billion and a 12-month high of C$26.41.

Skeena Resources Limited (TSE:SKE - Free Report) - Investment analysts at Scotiabank boosted their FY2026 earnings per share estimates for shares of Skeena Resources in a report released on Wednesday, September 24th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of ($0.53) for the year, up from their prior estimate of ($0.55). The consensus estimate for Skeena Resources' current full-year earnings is ($0.49) per share.

SKE has been the subject of a number of other research reports. TD Securities raised Skeena Resources to a "strong-buy" rating in a report on Tuesday, August 12th. Raymond James Financial lifted their price objective on Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. Royal Bank Of Canada lifted their price objective on Skeena Resources from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Finally, CIBC lifted their price objective on Skeena Resources from C$26.00 to C$36.00 in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company has an average rating of "Strong Buy" and a consensus price target of C$25.50.

Skeena Resources Stock Up 3.7%

Skeena Resources stock opened at C$26.08 on Monday. The firm has a market cap of C$3.00 billion, a price-to-earnings ratio of -17.39 and a beta of 1.67. The stock has a fifty day simple moving average of C$22.58 and a two-hundred day simple moving average of C$19.39. Skeena Resources has a 12 month low of C$10.34 and a 12 month high of C$26.41. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27.

Insider Transactions at Skeena Resources

In other Skeena Resources news, Director Craig Andrew Parry sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of C$20.48, for a total transaction of C$307,203.00. Following the completion of the sale, the director owned 225,926 shares of the company's stock, valued at approximately C$4,627,009.67. The trade was a 6.23% decrease in their ownership of the stock. Corporate insiders own 1.51% 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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