Scotiabank Increases Earnings Estimates for Skeena Resources

Skeena Resources Limited (TSE:SKE) – Stock analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of Skeena Resources in a research report issued to clients and investors on Tuesday, October 13th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $0.55 per share for the year, up from their previous forecast of $0.54. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share.

Separately, Royal Bank Of Canada set a C$64.00 target price on shares of Skeena Resources and gave the company a “moderate buy” rating in a research report on Tuesday, September 15th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and an average price target of C$52.83.

Skeena Resources Stock Up 6.1%

SKE opened at C$45.33 on Friday. Skeena Resources has a fifty-two week low of C$21.61 and a fifty-two week high of C$53.00. The company has a debt-to-equity ratio of 657.17, a quick ratio of 1.55 and a current ratio of 3.15. The company has a market capitalization of C$5.69 billion, a P/E ratio of -21.90 and a beta of 2.59. The stock has a fifty day moving average of C$44.96 and a 200-day moving average of C$42.13.

Skeena Resources (TSE:SKE) last issued its quarterly earnings data on Thursday, August 13th. The company reported C($0.28) EPS for the quarter.

Insider Activity

In other news, insider Andrew Macritchie sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of C$39.86, for a total transaction of C$1,993,000.00. Following the transaction, the insider directly owned 726,503 shares of the company’s stock, valued at approximately C$28,958,409.58. This trade represents a 6.44% decrease in their ownership of the stock. 1.51% of the stock is currently owned by insiders.

About Skeena Resources

Skeena is a leading precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia’s Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world’s highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines.