Scotiabank Expects Reduced Earnings for Skeena Resources

Skeena Resources Limited (NYSE:SKE) – Stock analysts at Scotiabank lowered their FY2026 earnings per share estimates for Skeena Resources in a research note issued to investors on Wednesday, April 1st. Scotiabank analyst O. Habib now expects that the company will post earnings per share of ($0.68) for the year, down from their previous forecast of ($0.53). Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.98) per share. Scotiabank also issued estimates for Skeena Resources’ FY2027 earnings at $0.57 EPS.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Skeena Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Skeena Resources in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Skeena Resources presently has an average rating of “Moderate Buy”.

Skeena Resources Trading Down 0.2%

NYSE SKE opened at $30.94 on Friday. The business’s 50-day moving average price is $31.94 and its 200 day moving average price is $24.61. Skeena Resources has a twelve month low of $8.53 and a twelve month high of $38.77. The company has a market capitalization of $3.77 billion, a PE ratio of -27.38 and a beta of 1.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Skeena Resources by 28.8% during the second quarter. JPMorgan Chase & Co. now owns 985,495 shares of the company’s stock worth $15,689,000 after acquiring an additional 220,334 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of Skeena Resources in the 3rd quarter valued at about $1,597,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Skeena Resources by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 757,000 shares of the company’s stock worth $13,938,000 after purchasing an additional 150,000 shares during the period. Sprott Inc. grew its holdings in shares of Skeena Resources by 16.5% during the 3rd quarter. Sprott Inc. now owns 1,330,589 shares of the company’s stock worth $24,517,000 after purchasing an additional 188,366 shares during the period. Finally, Amundi increased its position in Skeena Resources by 43.4% during the 2nd quarter. Amundi now owns 2,258,524 shares of the company’s stock worth $35,640,000 after purchasing an additional 683,524 shares in the last quarter. Institutional investors and hedge funds own 45.15% 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.