Desjardins Analysts Lower Earnings Estimates for Skeena Resources Limited (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Research analysts at Desjardins dropped their FY2024 earnings per share (EPS) estimates for Skeena Resources in a report issued on Wednesday, June 26th. Desjardins analyst J. Sclodnick now anticipates that the company will post earnings per share of ($0.38) for the year, down from their previous forecast of ($0.27). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.26) per share. Desjardins also issued estimates for Skeena Resources’ FY2025 earnings at ($0.15) EPS.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19).

Skeena Resources Stock Performance

Shares of SKE opened at $5.37 on Friday. Skeena Resources has a 1 year low of $3.05 and a 1 year high of $5.74. The stock has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $4.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.11 and a current ratio of 3.11. The stock has a market capitalization of $487.54 million, a PE ratio of -5.26 and a beta of 1.26.

Hedge Funds Weigh In On Skeena Resources

Several large investors have recently bought and sold shares of the business. HTLF Bank acquired a new stake in shares of Skeena Resources in the first quarter valued at approximately $125,000. Nokomis Capital L.L.C. purchased a new position in shares of Skeena Resources during the 1st quarter worth approximately $155,000. Knoll Capital Management LLC purchased a new position in Skeena Resources in the first quarter worth $179,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Skeena Resources by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after purchasing an additional 7,948 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Skeena Resources by 54.4% during the 4th quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock valued at $675,000 after acquiring an additional 48,728 shares during the period. Hedge funds and other institutional investors own 45.15% 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.