Scotiabank Has Negative Outlook for SKE FY2027 Earnings

Skeena Resources Limited (NYSE:SKE) – Scotiabank lowered their FY2027 earnings per share estimates for Skeena Resources in a research report issued on Friday, May 29th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $0.41 per share for the year, down from their previous estimate of $0.51. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.47) per share.

SKE has been the subject of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Skeena Resources in a report on Monday, April 20th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. Finally, Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Skeena Resources Stock Performance

NYSE:SKE opened at $30.30 on Monday. The stock has a 50-day simple moving average of $30.49 and a two-hundred day simple moving average of $28.41. Skeena Resources has a 52-week low of $12.39 and a 52-week high of $38.77. The firm has a market capitalization of $3.69 billion, a PE ratio of -20.06 and a beta of 1.11.

Institutional Trading of Skeena Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Groupe la Francaise raised its stake in Skeena Resources by 38.5% during the 1st quarter. Groupe la Francaise now owns 450,000 shares of the company’s stock valued at $13,358,000 after purchasing an additional 125,000 shares during the period. Bank of America Corp DE raised its stake in Skeena Resources by 45.4% during the 1st quarter. Bank of America Corp DE now owns 398,139 shares of the company’s stock valued at $11,833,000 after purchasing an additional 124,257 shares during the period. Royal Bank of Canada raised its stake in Skeena Resources by 4.5% during the 1st quarter. Royal Bank of Canada now owns 1,291,911 shares of the company’s stock valued at $38,395,000 after purchasing an additional 55,463 shares during the period. Empowered Funds LLC raised its stake in Skeena Resources by 215.4% during the 1st quarter. Empowered Funds LLC now owns 32,860 shares of the company’s stock valued at $977,000 after purchasing an additional 22,443 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Skeena Resources during the 1st quarter valued at approximately $964,000. 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.