Brokers Issue Forecasts for Skeena Resources Limited’s FY2024 Earnings (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Desjardins lowered their FY2024 earnings estimates for Skeena Resources in a research note issued on Wednesday, June 26th. Desjardins analyst J. Sclodnick now anticipates that the company will post earnings per share of ($0.38) for the year, down from their prior forecast of ($0.27). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.21) per share. Desjardins also issued estimates for Skeena Resources’ FY2025 earnings at ($0.15) EPS.

Skeena Resources Stock Performance

Shares of NYSE:SKE opened at $4.83 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.11 and a current ratio of 3.11. Skeena Resources has a 52 week low of $3.05 and a 52 week high of $5.74. The company has a 50-day moving average price of $4.70 and a 200 day moving average price of $4.48.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19).

Institutional Investors Weigh In On Skeena Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. HTLF Bank acquired a new stake in shares of Skeena Resources during the 1st quarter valued at approximately $125,000. Nokomis Capital L.L.C. acquired a new stake in shares of Skeena Resources during the 1st quarter valued at approximately $155,000. Knoll Capital Management LLC acquired a new stake in shares of Skeena Resources during the 1st quarter valued at approximately $179,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Skeena Resources by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after acquiring an additional 7,948 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Skeena Resources by 54.4% during the 4th quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock valued at $675,000 after acquiring an additional 48,728 shares during the period. 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.