Skeena Resources Limited (TSE:SKE) to Post FY2024 Earnings of ($0.52) Per Share, Desjardins Forecasts

Skeena Resources Limited (TSE:SKE) – Desjardins reduced their FY2024 EPS estimates for shares of Skeena Resources in a note issued to investors on Wednesday, June 26th. Desjardins analyst J. Sclodnick now expects that the company will earn ($0.52) per share for the year, down from their prior estimate of ($0.36). Desjardins currently has a “Buy” rating and a $20.00 target price on the stock. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Desjardins also issued estimates for Skeena Resources’ FY2025 earnings at ($0.20) EPS.

Other analysts have also issued research reports about the stock. Scotiabank reduced their price target on shares of Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James lifted their target price on shares of Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their target price on shares of Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity Group raised their price target on shares of Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$16.67.

Skeena Resources Stock Performance

Shares of TSE:SKE opened at C$7.34 on Friday. The company’s 50 day moving average price is C$6.42 and its two-hundred day moving average price is C$6.08. Skeena Resources has a 12-month low of C$4.20 and a 12-month high of C$7.53. The firm has a market cap of C$666.55 million, a PE ratio of -5.69 and a beta of 1.68. The company has a quick ratio of 1.55, a current ratio of 3.86 and a debt-to-equity ratio of 26.00.

Skeena Resources (TSE:SKE) last released its quarterly earnings results on Friday, May 10th. The company reported C($0.30) earnings per share for the quarter, missing the consensus estimate of C($0.06) by C($0.24).

Insiders Place Their Bets

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total value of C$334,476.90. 1.79% of the stock is currently owned by insiders.

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.