Skeena Resources Limited to Post FY2024 Earnings of ($0.14) Per Share, Raymond James Forecasts (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Research analysts at Raymond James decreased their FY2024 earnings per share estimates for shares of Skeena Resources in a report issued on Tuesday, April 23rd. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of ($0.14) for the year, down from their previous forecast of ($0.11). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.19) per share. Raymond James also issued estimates for Skeena Resources’ Q4 2024 earnings at ($0.03) EPS.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Monday, April 1st. The company reported ($0.27) earnings per share for the quarter.

Skeena Resources Stock Performance

SKE stock opened at $4.68 on Friday. The stock has a fifty day moving average of $4.33 and a 200-day moving average of $4.28. Skeena Resources has a fifty-two week low of $3.05 and a fifty-two week high of $7.65. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Skeena Resources

A number of large investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in Skeena Resources during the 2nd quarter worth approximately $69,000. Mackenzie Financial Corp raised its position in shares of Skeena Resources by 0.5% in the third quarter. Mackenzie Financial Corp now owns 612,018 shares of the company’s stock worth $2,785,000 after buying an additional 3,270 shares in the last quarter. TD Asset Management Inc boosted its stake in Skeena Resources by 8.7% during the third quarter. TD Asset Management Inc now owns 67,882 shares of the company’s stock valued at $312,000 after buying an additional 5,418 shares during the period. Van ECK Associates Corp grew its position in Skeena Resources by 0.4% during the third quarter. Van ECK Associates Corp now owns 4,710,705 shares of the company’s stock worth $21,546,000 after buying an additional 17,672 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Skeena Resources by 11.9% in the 3rd quarter. Deutsche Bank AG now owns 242,298 shares of the company’s stock worth $1,115,000 after acquiring an additional 25,852 shares during the last quarter. 45.15% of the stock is owned by institutional investors.

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.