Scotiabank Has Pessimistic Outlook of SKE FY2026 Earnings

Skeena Resources Limited (NYSE:SKE) – Equities researchers at Scotiabank cut their FY2026 earnings estimates for Skeena Resources in a research note issued to investors on Wednesday, April 1st. Scotiabank analyst O. Habib now expects that the company will earn ($0.68) per share for the year, down from their previous estimate of ($0.53). Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.98) per share. Scotiabank also issued estimates for Skeena Resources’ FY2027 earnings at $0.57 EPS.

SKE has been the topic of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Skeena Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research note on Wednesday, February 4th. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Skeena Resources Price Performance

Shares of Skeena Resources stock opened at $30.94 on Friday. Skeena Resources has a 1 year low of $8.53 and a 1 year high of $38.77. The firm has a market cap of $3.77 billion, a PE ratio of -27.38 and a beta of 1.27. The company has a 50 day simple moving average of $31.93 and a two-hundred day simple moving average of $24.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SKE. Helikon Investments Ltd lifted its holdings in shares of Skeena Resources by 20.3% in the 3rd quarter. Helikon Investments Ltd now owns 16,871,819 shares of the company’s stock worth $310,948,000 after acquiring an additional 2,841,708 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Skeena Resources by 2.5% during the 4th quarter. Van ECK Associates Corp now owns 4,862,516 shares of the company’s stock valued at $115,427,000 after purchasing an additional 120,909 shares during the last quarter. Vanguard Group Inc. raised its position in Skeena Resources by 108.3% in the 4th 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 raised its position in Skeena Resources by 1.9% in the 4th 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% in 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 last quarter. 45.15% of the stock is currently owned by institutional investors.

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.