Scotiabank Reduces Earnings Estimates for Skeena Resources

Skeena Resources Limited (TSE:SKE) – Investment analysts at Scotiabank lowered their FY2026 EPS estimates for Skeena Resources in a research note issued on Wednesday, April 1st. Scotiabank analyst O. Habib now forecasts that the company will earn ($0.95) per share for the year, down from their previous forecast of ($0.74). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Scotiabank also issued estimates for Skeena Resources’ FY2027 earnings at $0.80 EPS.

Several other equities analysts also recently issued reports on SKE. Canaccord Genuity Group lifted their price target on shares of Skeena Resources from C$40.00 to C$52.00 in a report on Wednesday. BMO Capital Markets boosted their target price on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Canadian Imperial Bank of Commerce lifted their price target on shares of Skeena Resources from C$44.00 to C$58.00 in a research report on Wednesday, February 4th. Finally, TD Securities raised their price objective on Skeena Resources from C$35.00 to C$49.00 in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$47.43.

Skeena Resources Price Performance

Skeena Resources stock opened at C$43.05 on Friday. The business has a 50 day simple moving average of C$43.70 and a 200 day simple moving average of C$33.94. The company has a debt-to-equity ratio of 39.64, a current ratio of 1.82 and a quick ratio of 1.55. The company has a market capitalization of C$5.24 billion, a PE ratio of -27.08 and a beta of 2.35. Skeena Resources has a one year low of C$12.15 and a one year high of C$53.00.

Skeena Resources (TSE:SKE) last released its quarterly earnings data on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.