FY2024 EPS Forecast for Skeena Resources Reduced by Analyst

Skeena Resources Limited (TSE:SKE - Free Report) - Equities research analysts at Scotiabank dropped their FY2024 earnings estimates for Skeena Resources in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of ($1.67) for the year, down from their previous estimate 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.

A number of other research firms have also recently commented on SKE. Royal Bank of Canada upped their price objective on Skeena Resources from C$17.00 to C$18.00 in a report on Friday, December 6th. CIBC reduced their target price on Skeena Resources from C$17.00 to C$16.00 in a research report on Monday, December 2nd. Finally, Desjardins upgraded Skeena Resources to a "moderate buy" rating in a report on Thursday, October 31st.

Skeena Resources Trading Down 4.2 %

TSE:SKE traded down C$0.57 on Monday, hitting C$13.04. The stock had a trading volume of 305,015 shares, compared to its average volume of 223,529. The company has a fifty day moving average price of C$12.84 and a two-hundred day moving average price of C$11.26. The stock has a market cap of C$1.39 billion, a price-to-earnings ratio of -8.52 and a beta of 1.65. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. Skeena Resources has a 1-year low of C$4.48 and a 1-year high of C$14.28.

Insiders Place Their Bets

In related news, Director Craig Andrew Parry sold 70,000 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$10.58, for a total transaction of C$740,509.00. 1.51% of the stock is 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.