Equities Analysts Set Expectations for Skeena Resources Limited’s Q2 2024 Earnings (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Analysts at Raymond James lowered their Q2 2024 earnings per share (EPS) estimates for Skeena Resources in a research report issued to clients and investors on Wednesday, June 26th. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of ($0.06) for the quarter, down from their previous forecast of ($0.04). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.38) per share. Raymond James also issued estimates for Skeena Resources’ Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.37) EPS and FY2025 earnings at ($0.17) EPS.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.19).

Skeena Resources Trading Down 4.2 %

NYSE:SKE opened at $5.15 on Monday. Skeena Resources has a 12 month low of $3.05 and a 12 month high of $5.74. The firm has a market capitalization of $546.55 million, a PE ratio of -5.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.11 and a quick ratio of 3.11. The business’s 50-day moving average is $4.73 and its two-hundred day moving average is $4.50.

Institutional Trading of Skeena Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in Skeena Resources by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 3,621,050 shares of the company’s stock worth $17,627,000 after purchasing an additional 55,000 shares in the last quarter. Ruffer LLP grew its stake in Skeena Resources by 31.1% in the fourth quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock worth $11,463,000 after purchasing an additional 555,000 shares in the last quarter. Intact Investment Management Inc. grew its stake in Skeena Resources by 6.7% in the fourth quarter. Intact Investment Management Inc. now owns 561,575 shares of the company’s stock worth $2,734,000 after purchasing an additional 35,100 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in Skeena Resources by 3.4% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 340,080 shares of the company’s stock worth $1,656,000 after purchasing an additional 11,085 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Skeena Resources by 54.4% in the fourth quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock worth $675,000 after purchasing an additional 48,728 shares in the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

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.