Q2 2024 EPS Estimates for Skeena Resources Limited Decreased by Raymond James (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Equities researchers at Raymond James decreased their Q2 2024 earnings per share (EPS) estimates for Skeena Resources in a research note issued to investors on Wednesday, June 26th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of ($0.06) per share for the quarter, down from their previous forecast of ($0.04). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.38) per share. Raymond James also issued estimates for Skeena Resources’ Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.37) EPS and FY2025 earnings at ($0.17) EPS.

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

Skeena Resources Price Performance

Shares of SKE stock opened at $5.58 on Monday. The stock has a 50 day moving average price of $4.74 and a 200 day moving average price of $4.51. Skeena Resources has a 52-week low of $3.05 and a 52-week high of $5.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.11 and a current ratio of 3.11. The firm has a market capitalization of $592.76 million, a P/E ratio of -5.47 and a beta of 1.32.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. HTLF Bank purchased a new position in shares of Skeena Resources during the first quarter worth approximately $125,000. Nokomis Capital L.L.C. purchased a new stake in shares of Skeena Resources in the 1st quarter worth $155,000. Knoll Capital Management LLC bought a new position in shares of Skeena Resources during the 1st quarter worth $179,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Skeena Resources by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock worth $303,000 after acquiring an additional 7,948 shares in the last quarter. Finally, Raymond James & Associates increased its position in Skeena Resources by 54.4% during the 4th quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock valued at $675,000 after purchasing an additional 48,728 shares during the period. Hedge funds and other 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.