Equities Analysts Set Expectations for SKE FY2024 Earnings

Skeena Resources Limited (NYSE:SKE) – Desjardins issued their FY2024 earnings estimates for Skeena Resources in a report issued on Wednesday, February 26th. Desjardins analyst A. Carson forecasts that the company will earn ($1.10) per share for the year. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.98) per share. Desjardins also issued estimates for Skeena Resources’ FY2025 earnings at ($0.13) EPS.

Skeena Resources Stock Performance

Shares of SKE stock opened at $9.53 on Monday. Skeena Resources has a fifty-two week low of $3.90 and a fifty-two week high of $11.74. The company has a 50 day moving average price of $9.89 and a 200 day moving average price of $9.17. The stock has a market capitalization of $1.08 billion, a P/E ratio of -6.96 and a beta of 1.29.

Hedge Funds Weigh In On Skeena Resources

Institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp boosted its holdings in Skeena Resources by 4.3% in the fourth quarter. Mackenzie Financial Corp now owns 42,003 shares of the company’s stock valued at $365,000 after purchasing an additional 1,742 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Skeena Resources in the fourth quarter valued at approximately $170,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Skeena Resources by 6.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,480 shares of the company’s stock worth $597,000 after acquiring an additional 3,878 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Skeena Resources by 51.4% in the fourth quarter. Two Sigma Advisers LP now owns 153,725 shares of the company’s stock worth $1,340,000 after acquiring an additional 52,200 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in Skeena Resources by 29.4% during the 4th quarter. Two Sigma Investments LP now owns 358,221 shares of the company’s stock worth $3,124,000 after acquiring an additional 81,400 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.