Q2 2024 EPS Estimates for Skeena Resources Limited Decreased by Analyst (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Investment analysts at Raymond James decreased their Q2 2024 earnings estimates for Skeena Resources in a research note issued to investors on Wednesday, June 26th. Raymond James analyst C. Stanley now forecasts that the company will earn ($0.06) per share for the quarter, down from their previous forecast of ($0.04). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.38) per share. Raymond James also issued estimates for Skeena Resources’ Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.37) EPS and FY2025 earnings at ($0.17) EPS.

Skeena Resources (NYSE:SKE) last announced its earnings results on Friday, May 10th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.19).

Skeena Resources Price Performance

Shares of NYSE:SKE opened at $5.37 on Monday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.24. The company has a market cap of $487.54 million, a P/E ratio of -5.26 and a beta of 1.26. 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 $4.71 and a 200 day moving average price of $4.50.

Institutional Investors Weigh In On Skeena Resources

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in Skeena Resources by 54.4% in the fourth quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock valued at $675,000 after buying an additional 48,728 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Skeena Resources by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after purchasing an additional 7,948 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in shares of Skeena Resources by 6.7% in the 4th quarter. Intact Investment Management Inc. now owns 561,575 shares of the company’s stock valued at $2,734,000 after purchasing an additional 35,100 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Skeena Resources by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 3,621,050 shares of the company’s stock valued at $17,627,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Ruffer LLP lifted its holdings in shares of Skeena Resources by 31.1% during the 4th quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock valued at $11,463,000 after acquiring an additional 555,000 shares in the last quarter. Institutional investors and hedge funds own 45.15% 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.