FY2025 Earnings Forecast for SKE Issued By Desjardins

Skeena Resources Limited (NYSE:SKE) – Investment analysts at Desjardins issued their FY2025 EPS estimates for Skeena Resources in a research report issued to clients and investors on Wednesday, October 8th. Desjardins analyst A. Carson anticipates that the company will earn ($0.58) per share for the year. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.98) per share. Desjardins also issued estimates for Skeena Resources’ FY2026 earnings at ($0.29) EPS and FY2027 earnings at $0.14 EPS.

Several other brokerages have also weighed in on SKE. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday. TD Securities assumed coverage on shares of Skeena Resources in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Skeena Resources in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Skeena Resources has an average rating of “Moderate Buy”.

Skeena Resources Trading Up 1.7%

NYSE SKE opened at $18.28 on Friday. The firm has a market capitalization of $2.10 billion, a P/E ratio of -16.77 and a beta of 1.27. The firm’s fifty day moving average price is $16.93 and its two-hundred day moving average price is $14.49. Skeena Resources has a 1 year low of $7.32 and a 1 year high of $19.33.

Skeena Resources (NYSE:SKE) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $1.90 million for the quarter, compared to analysts’ expectations of $1.90 million.

Institutional Investors Weigh In On Skeena Resources

Hedge funds have recently added to or reduced their stakes in the business. Northwest & Ethical Investments L.P. acquired a new stake in Skeena Resources during the 1st quarter worth approximately $77,000. Cubist Systematic Strategies LLC acquired a new stake in Skeena Resources during the 1st quarter worth approximately $89,000. Banque Cantonale Vaudoise acquired a new stake in Skeena Resources during the 1st quarter worth approximately $91,000. Mesirow Financial Investment Management Inc. acquired a new stake in Skeena Resources during the 1st quarter worth approximately $101,000. Finally, FNY Investment Advisers LLC boosted its position in Skeena Resources by 237.5% during the 1st quarter. FNY Investment Advisers LLC now owns 13,500 shares of the company’s stock worth $136,000 after buying an additional 9,500 shares during the period. 45.15% of the stock is currently owned by institutional investors and hedge funds.

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.