Scotiabank Predicts Higher Earnings for Skeena Resources

Skeena Resources Limited (NYSE:SKE) – Equities researchers at Scotiabank upped their FY2026 EPS estimates for Skeena Resources in a research report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of ($1.37) 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.

Other equities research analysts have also issued reports about the company. Zacks Research lowered Skeena Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skeena Resources in a research report on Friday. Finally, Wall Street Zen lowered Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Skeena Resources Stock Performance

SKE opened at $26.90 on Monday. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of -17.82 and a beta of 1.14. The stock’s 50 day moving average price is $28.12 and its 200-day moving average price is $29.93. Skeena Resources has a one year low of $13.81 and a one year high of $38.77.

Hedge Funds Weigh In On Skeena Resources

A number of hedge funds have recently added to or reduced their stakes in SKE. Empowered Funds LLC increased its position in shares of Skeena Resources by 215.4% during the first quarter. Empowered Funds LLC now owns 32,860 shares of the company’s stock worth $977,000 after acquiring an additional 22,443 shares during the period. DV Trading LLC raised its stake in shares of Skeena Resources by 177.8% during the first quarter. DV Trading LLC now owns 25,000 shares of the company’s stock valued at $743,000 after acquiring an additional 16,000 shares in the last quarter. Groupe la Francaise boosted its holdings in shares of Skeena Resources by 38.5% in the first quarter. Groupe la Francaise now owns 450,000 shares of the company’s stock valued at $13,358,000 after purchasing an additional 125,000 shares during the period. Bank of America Corp DE boosted its holdings in shares of Skeena Resources by 45.4% in the first quarter. Bank of America Corp DE now owns 398,139 shares of the company’s stock valued at $11,833,000 after purchasing an additional 124,257 shares during the period. Finally, Royal Bank of Canada grew its stake in Skeena Resources by 4.5% in the first quarter. Royal Bank of Canada now owns 1,291,911 shares of the company’s stock worth $38,395,000 after purchasing an additional 55,463 shares in the last quarter. 45.15% of the stock is currently owned by institutional investors.

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.