Equities Analysts Offer Predictions for SKE FY2026 Earnings

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

Skeena Resources (NYSE:SKE) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10).

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

Skeena Resources Stock Performance

Shares of SKE stock opened at $35.10 on Monday. The business’s 50 day simple moving average is $28.80 and its 200 day simple moving average is $30.34. Skeena Resources has a one year low of $15.23 and a one year high of $38.77. The stock has a market capitalization of $4.37 billion, a PE ratio of -23.40 and a beta of 1.14. The company has a debt-to-equity ratio of 5.66, a current ratio of 3.15 and a quick ratio of 3.15.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Skeena Resources by 849.9% in the first quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock worth $4,053,000 after purchasing an additional 359,438 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Skeena Resources during the first quarter valued at about $89,000. Goldman Sachs Group Inc. boosted its position in shares of Skeena Resources by 174.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock worth $3,172,000 after purchasing an additional 199,654 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Skeena Resources by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after purchasing an additional 1,881 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Skeena Resources by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock worth $1,294,000 after purchasing an additional 4,037 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.