FY2027 EPS Forecast for Skeena Resources Reduced by Analyst

Skeena Resources Limited (TSE:SKE) – Equities research analysts at Scotiabank dropped their FY2027 earnings per share estimates for Skeena Resources in a research report issued on Friday, May 29th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $0.56 per share for the year, down from their prior forecast of $0.71. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data on Friday, May 15th. The company reported C($0.86) EPS for the quarter.

A number of other equities analysts have also commented on the company. Canadian Imperial Bank of Commerce lifted their price objective on Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Canaccord Genuity Group lifted their price objective on Skeena Resources from C$40.00 to C$52.00 in a research note on Wednesday, April 1st. Finally, BMO Capital Markets lifted their price objective on Skeena Resources from C$45.00 to C$50.00 in a research note on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$47.43.

Skeena Resources Price Performance

Skeena Resources stock opened at C$41.85 on Monday. The stock’s 50 day moving average is C$42.02 and its 200 day moving average is C$39.10. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55. The firm has a market cap of C$5.19 billion, a P/E ratio of -20.02 and a beta of 2.62. Skeena Resources has a one year low of C$17.09 and a one year high of C$53.00.

Insiders Place Their Bets

In other Skeena Resources news, insider Andrew Osterloh sold 6,667 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$44.24, for a total value of C$294,948.08. Also, insider Kyle Christopher Foster sold 23,333 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of C$47.12, for a total value of C$1,099,450.96. Following the completion of the transaction, the insider directly owned 5,000 shares in the company, valued at approximately C$235,600. This trade represents a 82.35% decrease in their ownership of the stock. Insiders sold a total of 86,365 shares of company stock valued at $3,749,332 in the last ninety days. 1.51% of the stock is owned by corporate insiders.

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.