Scotiabank Increases Earnings Estimates for Skeena Resources

Skeena Resources Limited (NYSE:SKE) – Equities research analysts at Scotiabank increased their FY2026 earnings per share estimates for shares of Skeena Resources in a research note issued on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of ($1.37) per share for the year, up from their previous forecast of ($1.39). The consensus estimate for Skeena Resources’ current full-year earnings is ($1.23) per share.

A number of other brokerages have also issued reports on SKE. Wall Street Zen lowered shares of Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skeena Resources in a research note on Monday, April 20th. Finally, Zacks Research lowered shares of Skeena Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Skeena Resources Trading Up 0.0%

Skeena Resources stock opened at $25.19 on Monday. The stock has a market cap of $3.14 billion, a P/E ratio of -16.68 and a beta of 1.14. The stock has a 50 day moving average of $28.40 and a 200-day moving average of $29.90. Skeena Resources has a 52 week low of $13.81 and a 52 week high of $38.77.

Institutional Trading of Skeena Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of Skeena Resources by 849.9% in the 1st quarter. Royal Bank of Canada now owns 401,729 shares of the company’s stock valued at $4,053,000 after buying an additional 359,438 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Skeena Resources during the first quarter worth about $89,000. Goldman Sachs Group Inc. raised its stake in Skeena Resources by 174.0% during the first quarter. Goldman Sachs Group Inc. now owns 314,370 shares of the company’s stock worth $3,172,000 after acquiring an additional 199,654 shares during the period. Geode Capital Management LLC lifted its holdings in Skeena Resources by 4.3% in the second quarter. Geode Capital Management LLC now owns 45,364 shares of the company’s stock worth $719,000 after acquiring an additional 1,881 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Skeena Resources by 5.2% in the second quarter. Legal & General Group Plc now owns 81,489 shares of the company’s stock worth $1,294,000 after acquiring an additional 4,037 shares during the last quarter. 45.15% of the stock is owned by institutional investors and hedge funds.

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.