Scotiabank Decreases Earnings Estimates for Skeena Resources

Skeena Resources Limited (TSE:SKE) – Scotiabank dropped their FY2026 earnings per share (EPS) estimates for Skeena Resources in a note issued to investors on Friday, April 10th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of ($1.17) per share for the year, down from their prior forecast of ($0.95). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share.

Skeena Resources (TSE:SKE) last released its quarterly earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter.

Several other research firms have also recently weighed in on SKE. BMO Capital Markets boosted their price target on Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Canaccord Genuity Group boosted their price target on Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday, April 1st. Canadian Imperial Bank of Commerce boosted their price target on Skeena Resources from C$44.00 to C$58.00 in a report on Wednesday, February 4th. Finally, TD Securities upped their target price on Skeena Resources from C$35.00 to C$49.00 in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Skeena Resources presently has an average rating of “Buy” and a consensus target price of C$47.43.

Skeena Resources Stock Performance

TSE:SKE opened at C$45.98 on Tuesday. The stock has a market cap of C$5.60 billion, a P/E ratio of -28.92 and a beta of 2.57. The company has a current ratio of 1.82, a quick ratio of 1.55 and a debt-to-equity ratio of 39.64. The stock’s 50-day moving average is C$43.90 and its 200-day moving average is C$35.14. Skeena Resources has a 1-year low of C$15.26 and a 1-year high of C$53.00.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.