Brokers Issue Forecasts for TSE:SKE FY2024 Earnings

Skeena Resources Limited (TSE:SKE) – Equities research analysts at Desjardins issued their FY2024 earnings per share estimates for shares of Skeena Resources in a research note issued on Wednesday, February 26th. Desjardins analyst A. Carson forecasts that the company will post earnings of ($1.57) per share for the year. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Desjardins also issued estimates for Skeena Resources’ FY2025 earnings at ($0.19) EPS.

Several other research analysts have also commented on SKE. CIBC decreased their target price on Skeena Resources from C$17.00 to C$16.00 in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price objective on Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th. Finally, Scotiabank boosted their price objective on Skeena Resources from C$13.50 to C$14.00 in a research report on Wednesday, January 15th.

Skeena Resources Price Performance

Shares of SKE opened at C$13.68 on Monday. The firm has a market cap of C$1.50 billion, a price-to-earnings ratio of -8.26 and a beta of 1.65. The stock has a 50 day moving average of C$14.20 and a 200-day moving average of C$12.81. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. Skeena Resources has a 52 week low of C$5.51 and a 52 week high of C$16.79.

Insiders Place Their Bets

In other news, Director Walter Coles Jr. sold 33,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$16.40, for a total value of C$541,200.00. Also, Senior Officer Andrew Macritchie sold 33,540 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of C$14.20, for a total value of C$476,268.00. In the last quarter, insiders sold 192,488 shares of company stock worth $2,882,390. 1.51% of the stock is owned by company 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 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.