FY2024 EPS Estimates for Skeena Resources Limited Cut by Analyst (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Investment analysts at Desjardins dropped their FY2024 earnings per share (EPS) estimates for shares of Skeena Resources in a research report issued to clients and investors on Wednesday, June 26th. Desjardins analyst J. Sclodnick now expects that the company will post earnings per share of ($0.38) for the year, down from their previous estimate of ($0.27). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.26) per share. Desjardins also issued estimates for Skeena Resources’ FY2025 earnings at ($0.15) EPS.

Skeena Resources Stock Up 10.7 %

Shares of NYSE SKE opened at $5.37 on Friday. The company has a 50 day simple moving average of $4.71 and a 200 day simple moving average of $4.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.11 and a quick ratio of 3.11. Skeena Resources has a 1 year low of $3.05 and a 1 year high of $5.74. The firm has a market cap of $487.54 million, a PE ratio of -5.26 and a beta of 1.26.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.19).

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SKE. Deutsche Bank AG grew its stake in Skeena Resources by 11.9% during the third quarter. Deutsche Bank AG now owns 242,298 shares of the company’s stock worth $1,115,000 after purchasing an additional 25,852 shares during the period. Raymond James & Associates grew its position in shares of Skeena Resources by 54.4% during the 4th quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock worth $675,000 after buying an additional 48,728 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Skeena Resources by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after acquiring an additional 7,948 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of Skeena Resources by 6.7% during the 4th quarter. Intact Investment Management Inc. now owns 561,575 shares of the company’s stock valued at $2,734,000 after acquiring an additional 35,100 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Skeena Resources by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 3,621,050 shares of the company’s stock worth $17,627,000 after acquiring an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

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.