Q3 2024 EPS Estimates for Skeena Resources Limited (TSE:SKE) Decreased by Analyst

Skeena Resources Limited (TSE:SKE) – Raymond James cut their Q3 2024 earnings per share estimates for shares of Skeena Resources in a report issued on Monday, September 23rd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of ($0.19) for the quarter, down from their previous forecast of ($0.06). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Raymond James also issued estimates for Skeena Resources’ Q4 2024 earnings at ($0.19) EPS, FY2024 earnings at ($1.07) EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.19) EPS and FY2025 earnings at ($0.76) EPS.

SKE has been the subject of a number of other research reports. Desjardins upped their target price on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Canaccord Genuity Group raised their price objective on Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd. Royal Bank of Canada boosted their target price on shares of Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets raised their price target on shares of Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Finally, Scotiabank boosted their price objective on shares of Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$16.96.

Skeena Resources Price Performance

Shares of SKE opened at C$11.57 on Thursday. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88. The company has a 50 day moving average price of C$10.10 and a 200-day moving average price of C$7.84. Skeena Resources has a fifty-two week low of C$4.20 and a fifty-two week high of C$12.77. The stock has a market capitalization of C$1.23 billion, a PE ratio of -7.66 and a beta of 1.65.

Skeena Resources (TSE:SKE) last issued its earnings results on Thursday, August 8th. The company reported C($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.08) by C($0.30).

Insider Transactions at Skeena Resources

In other Skeena Resources news, Senior Officer Andrew Macritchie sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total transaction of C$52,500.00. In other news, Senior Officer Justin Reed Himmelright sold 8,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$8.52, for a total value of C$68,136.00. Also, Senior Officer Andrew Macritchie sold 5,000 shares of Skeena Resources stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total value of C$52,500.00. Over the last 90 days, insiders have sold 47,333 shares of company stock worth $516,502. Insiders own 1.51% 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 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.