Scotiabank Predicts Weaker Earnings for Skeena Resources

Key Points

• Scotiabank cut its FY2026 EPS estimate for Skeena to ($0.85) from ($0.68) but kept an Outperform rating; the MarketBeat consensus full‑year estimate is ($0.98) per share.
• Analyst coverage is mixed—one Strong Buy, four Buy and one Sell—leading to a MarketBeat consensus of a Moderate Buy, while firms like Weiss Ratings and Wall Street Zen have recently issued sell calls.
• Skeena shares opened at $33.06 (12‑month range $10.92–$38.77), the company has a market cap of $4.02 billion, and roughly 45.15% of the stock is owned by institutional investors.

Skeena Resources Limited (NYSE:SKE - Free Report) - Investment analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Skeena Resources in a research note issued to investors on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of ($0.85) per share for the year, down from their previous estimate of ($0.68). Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Skeena Resources' current full-year earnings is ($0.98) per share.

Several other research firms have also commented on SKE. Weiss Ratings reiterated a "sell (d-)" rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Wall Street Zen lowered Skeena Resources from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Skeena Resources presently has a consensus rating of "Moderate Buy".

Skeena Resources Trading Down 1.1%

NYSE:SKE opened at $33.06 on Tuesday. Skeena Resources has a 12 month low of $10.92 and a 12 month high of $38.77. The stock has a 50 day moving average of $31.95 and a two-hundred day moving average of $25.37. The firm has a market cap of $4.02 billion, a P/E ratio of -29.25 and a beta of 1.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SKE. Helikon Investments Ltd boosted its holdings in shares of Skeena Resources by 20.3% during the 3rd quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company's stock worth $310,948,000 after purchasing an additional 2,841,708 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Skeena Resources by 108.3% during the 4th quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company's stock worth $62,353,000 after purchasing an additional 1,364,835 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Skeena Resources by 44.6% during the 4th quarter. Millennium Management LLC now owns 2,202,510 shares of the company's stock worth $52,309,000 after purchasing an additional 679,709 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Skeena Resources by 16.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,741,607 shares of the company's stock worth $87,404,000 after purchasing an additional 670,200 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. boosted its holdings in shares of Skeena Resources by 114.9% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 1,227,900 shares of the company's stock worth $22,630,000 after purchasing an additional 656,471 shares during the last quarter. 45.15% of the stock is currently owned by institutional investors and hedge funds.

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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