Skeena Resources Limited (TSE:SKE) Expected to Post Q2 2024 Earnings of ($0.08) Per Share

Skeena Resources Limited (TSE:SKE) – Research analysts at Raymond James decreased their Q2 2024 earnings per share estimates for shares of Skeena Resources in a report issued on Wednesday, June 26th. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of ($0.08) for the quarter, down from their previous forecast of ($0.06). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Raymond James also issued estimates for Skeena Resources’ Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.51) EPS and FY2025 earnings at ($0.23) EPS.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24).

A number of other research analysts have also recently issued reports on the company. Canaccord Genuity Group raised their price objective on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday, April 23rd. Desjardins lifted their price objective on Skeena Resources from C$19.75 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. BMO Capital Markets lifted their price target on shares of Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Finally, Scotiabank decreased their price objective on shares of Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday, June 26th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$16.67.

Skeena Resources Stock Performance

Shares of TSE SKE opened at C$7.61 on Monday. The stock has a market cap of C$691.06 million, a price-to-earnings ratio of -5.90 and a beta of 1.68. The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00. Skeena Resources has a 1-year low of C$4.20 and a 1-year high of C$7.67. The stock’s 50-day moving average is C$6.47 and its 200 day moving average is C$6.10.

Insider Activity

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. Company insiders own 1.79% 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.