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

Skeena Resources Limited (TSE:SKE) – Research analysts at Raymond James lowered their Q1 2024 earnings per share (EPS) estimates for shares of 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 forecast 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.

A number of other analysts also recently commented on SKE. Canaccord Genuity Group raised their price objective on Skeena Resources from C$14.75 to C$17.00 in a research report on Tuesday. Desjardins raised their price objective on Skeena Resources from C$18.25 to C$19.75 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$16.39.

Skeena Resources Price Performance

Shares of SKE stock opened at C$6.72 on Friday. The stock has a 50 day moving average of C$5.91 and a two-hundred day moving average of C$5.79. The company has a current ratio of 1.35, a quick ratio of 1.55 and a debt-to-equity ratio of 2.27. Skeena Resources has a 12 month low of C$4.20 and a 12 month high of C$10.38. The company has a market capitalization of C$606.28 million, a P/E ratio of -6.00 and a beta of 1.67.

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

Insider Buying and Selling

In related news, Senior Officer Randy Reichert sold 53,100 shares of the firm’s stock in a transaction that occurred 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. 1.79% of the stock is owned by corporate insiders.

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 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.