Q1 2024 EPS Estimates for Skeena Resources Limited (TSE:SKE) Reduced by Analyst

Skeena Resources Limited (TSE:SKE) – Equities researchers at Raymond James lowered their Q1 2024 EPS estimates for Skeena Resources in a research note issued to investors on Tuesday, April 23rd. Raymond James analyst C. Stanley now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Raymond James also issued estimates for Skeena Resources’ Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.19) EPS.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Monday, April 1st. The company reported C($0.37) earnings per share (EPS) for the quarter.

A number of other research firms also recently weighed in on SKE. Desjardins raised their price target on shares of Skeena Resources from C$18.25 to C$19.75 and gave the company a “buy” rating in a report on Tuesday, January 30th. Canaccord Genuity Group raised their target price on Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$16.39.

Skeena Resources Price Performance

Shares of SKE opened at C$6.72 on Friday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.55 and a current ratio of 1.35. The firm has a market cap of C$606.28 million, a PE ratio of -6.00 and a beta of 1.67. The firm’s 50 day moving average price is C$5.91 and its 200 day moving average price is C$5.79. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$10.38.

Insider Buying and Selling

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is owned by insiders.

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.