Skeena Resources Limited (NYSE:SKE - Free Report) - Investment analysts at Scotiabank cut their FY2024 EPS estimates for Skeena Resources in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will earn ($1.16) per share for the year, down from their previous estimate of ($0.81). The consensus estimate for Skeena Resources' current full-year earnings is ($0.80) per share. Scotiabank also issued estimates for Skeena Resources' FY2025 earnings at ($0.41) EPS and FY2026 earnings at ($0.45) EPS.
Separately, Desjardins upgraded shares of Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st.
Read Our Latest Report on SKE
Skeena Resources Stock Down 1.0 %
Shares of NYSE SKE opened at $9.44 on Monday. The firm has a market capitalization of $1.02 billion, a P/E ratio of -6.89 and a beta of 1.27. The stock's 50-day simple moving average is $9.05 and its two-hundred day simple moving average is $8.19. Skeena Resources has a twelve month low of $3.29 and a twelve month high of $10.33.
Institutional Trading of Skeena Resources
A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in Skeena Resources by 16.1% during the third quarter. Van ECK Associates Corp now owns 5,012,498 shares of the company's stock valued at $42,406,000 after purchasing an additional 693,745 shares in the last quarter. Helikon Investments Ltd bought a new position in shares of Skeena Resources during the 3rd quarter valued at about $18,159,000. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Skeena Resources by 22.8% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company's stock valued at $7,888,000 after buying an additional 273,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Skeena Resources by 207.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,095,900 shares of the company's stock worth $9,309,000 after buying an additional 739,550 shares during the last quarter. Finally, Knoll Capital Management LLC boosted its stake in Skeena Resources by 713.2% in the third quarter. Knoll Capital Management LLC now owns 315,400 shares of the company's stock worth $2,668,000 after buying an additional 276,614 shares in the last quarter. 45.15% of the stock is owned by institutional investors.
About Skeena Resources
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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.
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