Desjardins Forecasts TSE:SKE FY2024 Earnings

Skeena Resources Limited (TSE:SKE - Free Report) - Equities research analysts at Desjardins issued their FY2024 earnings estimates for shares of Skeena Resources in a research report issued on Wednesday, February 26th. Desjardins analyst A. Carson forecasts that the company will earn ($1.57) per share for the year. 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 ($0.19) EPS.

Several other analysts have also issued reports on the stock. Scotiabank increased their price target on shares of Skeena Resources from C$13.50 to C$14.00 in a research report on Wednesday, January 15th. CIBC reduced their price target on shares of Skeena Resources from C$17.00 to C$16.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their price target on shares of Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th.

Skeena Resources Price Performance

Shares of TSE SKE traded down C$0.30 during trading hours on Monday, hitting C$13.76. 260,934 shares of the stock were exchanged, compared to its average volume of 260,963. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87. The company has a market cap of C$1.51 billion, a PE ratio of -8.31 and a beta of 1.65. The company's fifty day simple moving average is C$14.23 and its two-hundred day simple moving average is C$12.87. Skeena Resources has a 1-year low of C$5.58 and a 1-year high of C$16.79.

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Insider Activity at Skeena Resources

In other news, Senior Officer Randy Reichert sold 17,956 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of C$13.89, for a total transaction of C$249,430.39. Also, Director Craig Andrew Parry sold 23,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$14.00, for a total transaction of C$321,917.20. Insiders sold a total of 192,488 shares of company stock valued at $2,882,390 in the last quarter. Insiders own 1.51% 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.