Scotiabank Boosts Earnings Estimates for Skeena Resources

Skeena Resources Limited (NYSE:SKE) – Scotiabank upped their FY2026 EPS estimates for shares of Skeena Resources in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of ($1.36) for the year, up from their previous estimate of ($1.37). The consensus estimate for Skeena Resources’ current full-year earnings is ($1.22) per share.

Several other equities analysts have also issued reports on SKE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Friday, July 17th. Zacks Research upgraded Skeena Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised Skeena Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Skeena Resources has an average rating of “Moderate Buy”.

Skeena Resources Stock Up 0.2%

NYSE SKE opened at $35.09 on Monday. The business has a fifty day moving average price of $28.89 and a two-hundred day moving average price of $30.36. The stock has a market capitalization of $4.37 billion, a PE ratio of -23.39 and a beta of 1.14. Skeena Resources has a fifty-two week low of $15.38 and a fifty-two week high of $38.77. The company has a debt-to-equity ratio of 5.66, a current ratio of 3.15 and a quick ratio of 3.15.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10).

Institutional Trading of Skeena Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Grand Central Investment Group grew its position in shares of Skeena Resources by 2.9% in the 1st quarter. Grand Central Investment Group now owns 12,958 shares of the company’s stock valued at $385,000 after buying an additional 364 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Skeena Resources by 41.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock worth $37,000 after acquiring an additional 455 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Skeena Resources by 5.1% during the first quarter. Pictet Asset Management Holding SA now owns 16,047 shares of the company’s stock worth $476,000 after acquiring an additional 776 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Skeena Resources by 6.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 17,240 shares of the company’s stock worth $410,000 after acquiring an additional 1,019 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Skeena Resources in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds 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.