Skeena Resources Limited (TSE:SKE - Free Report) - Equities researchers at Raymond James dropped their Q1 2024 earnings per share estimates for shares of Skeena Resources in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of ($0.06) for the quarter, down from their previous estimate of $0.05. The consensus estimate for Skeena Resources' current full-year earnings is ($0.49) per share. Raymond James also issued estimates for Skeena Resources' Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.19) EPS.
Several other equities research analysts have also recently commented on SKE. Canaccord Genuity Group lifted their target price on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday. Desjardins lifted their price objective on Skeena Resources from C$18.25 to C$19.75 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$16.39.
View Our Latest Stock Report on SKE
Skeena Resources Trading Up 5.7 %
Shares of TSE SKE traded up C$0.36 during midday trading on Friday, hitting C$6.72. The stock had a trading volume of 289,312 shares, compared to its average volume of 312,865. The company's 50-day simple moving average is C$5.91 and its 200 day simple moving average is C$5.79. The firm has a market cap of C$606.28 million, a P/E ratio of -6.00 and a beta of 1.67. Skeena Resources has a fifty-two week low of C$4.20 and a fifty-two week high of C$10.38. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.35 and a quick ratio of 1.55.
Skeena Resources (TSE:SKE - Get Free Report) last released its earnings results on Monday, April 1st. The company reported C($0.37) EPS for the quarter.
Insider Buying and Selling
In related news, Senior Officer Randy Reichert sold 53,100 shares of Skeena Resources stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is owned by insiders.
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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