Scotiabank Lowers Earnings Estimates for Skeena Resources

Skeena Resources Limited (NYSE:SKE) – Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of Skeena Resources in a research note issued to investors on Friday, April 10th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of ($0.85) for the year, down from their previous estimate of ($0.68). Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.98) per share.

SKE has been the topic of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Skeena Resources Trading Up 1.0%

Shares of NYSE:SKE opened at $33.38 on Tuesday. Skeena Resources has a 1-year low of $10.92 and a 1-year high of $38.77. The firm has a market capitalization of $4.06 billion, a PE ratio of -29.54 and a beta of 1.27. The business’s 50 day moving average is $32.00 and its 200-day moving average is $25.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd lifted its stake in Skeena Resources by 20.3% during the third quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock worth $310,948,000 after purchasing an additional 2,841,708 shares during the period. Van ECK Associates Corp lifted its stake in Skeena Resources by 2.5% during the fourth quarter. Van ECK Associates Corp now owns 4,862,516 shares of the company’s stock worth $115,427,000 after purchasing an additional 120,909 shares during the period. Vanguard Group Inc. lifted its stake in Skeena Resources by 108.3% during the fourth quarter. Vanguard Group Inc. now owns 2,625,277 shares of the company’s stock worth $62,353,000 after purchasing an additional 1,364,835 shares during the period. Amundi lifted its stake in Skeena Resources by 1.9% during the fourth quarter. Amundi now owns 2,536,138 shares of the company’s stock worth $60,183,000 after purchasing an additional 47,516 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Skeena Resources by 7.6% during the fourth quarter. Franklin Resources Inc. now owns 2,396,970 shares of the company’s stock worth $56,933,000 after purchasing an additional 168,932 shares during the period. Institutional investors own 45.15% of the company’s stock.

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.