FY2024 EPS Estimates for Skeena Resources Cut by Scotiabank

Skeena Resources Limited (TSE:SKE) – Stock analysts at Scotiabank decreased their FY2024 EPS estimates for shares of Skeena Resources in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn ($1.67) per share for the year, down from their prior forecast of ($1.10). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Scotiabank also issued estimates for Skeena Resources’ FY2025 earnings at ($0.59) EPS and FY2026 earnings at ($0.64) EPS.

Several other research firms have also weighed in on SKE. CIBC lowered their price objective on shares of Skeena Resources from C$17.00 to C$16.00 in a research note on Monday, December 2nd. Royal Bank of Canada raised their price target on shares of Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th. Finally, Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Skeena Resources Stock Performance

SKE opened at C$13.61 on Monday. The firm has a market capitalization of C$1.45 billion, a PE ratio of -8.90 and a beta of 1.65. Skeena Resources has a 52-week low of C$4.48 and a 52-week high of C$14.28. The business’s 50-day simple moving average is C$12.85 and its 200 day simple moving average is C$11.25. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88.

Insider Transactions at Skeena Resources

In other news, Director Craig Andrew Parry sold 70,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$10.58, for a total value of C$740,509.00. Company insiders own 1.51% of the company’s stock.

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.