Q1 2024 EPS Estimates for Skeena Resources Limited (TSE:SKE) Decreased by Raymond James

Skeena Resources Limited (TSE:SKE) – Raymond James reduced their Q1 2024 earnings per share estimates for Skeena Resources in a note issued to investors on Tuesday, April 23rd. Raymond James analyst C. Stanley now expects that the company will earn ($0.06) per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Raymond James also issued estimates for Skeena Resources’ Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.19) EPS.

Skeena Resources (TSE:SKE) last posted its earnings results on Monday, April 1st. The company reported C($0.37) EPS for the quarter.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group boosted their price target on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday. Desjardins boosted their price target on Skeena Resources from C$18.25 to C$19.75 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Skeena Resources currently has a consensus rating of “Buy” and an average price target of C$16.39.

Skeena Resources Trading Up 5.7 %

Shares of SKE stock opened at C$6.72 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.55 and a debt-to-equity ratio of 2.27. The stock has a market cap of C$606.28 million, a P/E ratio of -6.00 and a beta of 1.67. The stock has a 50 day simple moving average of C$5.91 and a 200 day simple moving average of C$5.79. Skeena Resources has a 1 year low of C$4.20 and a 1 year high of C$10.38.

Insiders Place Their Bets

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. Corporate insiders own 1.79% of the company’s stock.

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.