Skeena Resources Limited (NYSE:SKE) to Post FY2022 Earnings of ($0.96) Per Share, Raymond James Forecasts

Skeena Resources Limited (NYSE:SKEGet Rating) – Investment analysts at Raymond James cut their FY2022 earnings per share estimates for Skeena Resources in a research note issued on Tuesday, January 17th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of ($0.96) for the year, down from their previous estimate of ($0.79). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.74) per share. Raymond James also issued estimates for Skeena Resources’ Q2 2023 earnings at ($0.09) EPS.

A number of other brokerages also recently weighed in on SKE. Scotiabank upped their price objective on shares of Skeena Resources from C$15.00 to C$16.00 in a research report on Wednesday. BMO Capital Markets initiated coverage on Skeena Resources in a report on Friday, October 7th. They issued an “outperform” rating for the company.

Skeena Resources Stock Performance

Shares of NYSE SKE opened at $6.21 on Friday. Skeena Resources has a 1 year low of $4.10 and a 1 year high of $13.39. The company’s fifty day moving average price is $5.71 and its 200 day moving average price is $5.21. The company has a market capitalization of $482.24 million, a PE ratio of -5.05 and a beta of 1.11.

Skeena Resources (NYSE:SKEGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.13).

Institutional Investors Weigh In On Skeena Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in shares of Skeena Resources by 3.3% in the first quarter. Bank of Montreal Can now owns 60,512 shares of the company’s stock valued at $704,000 after purchasing an additional 1,911 shares during the period. Captrust Financial Advisors boosted its holdings in Skeena Resources by 8.5% in the 3rd quarter. Captrust Financial Advisors now owns 25,500 shares of the company’s stock worth $119,000 after buying an additional 2,000 shares during the last quarter. Aigen Investment Management LP increased its stake in Skeena Resources by 22.6% during the 3rd quarter. Aigen Investment Management LP now owns 21,875 shares of the company’s stock worth $102,000 after buying an additional 4,032 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Skeena Resources by 78.1% during the third quarter. Tower Research Capital LLC TRC now owns 9,891 shares of the company’s stock valued at $47,000 after acquiring an additional 4,338 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Skeena Resources by 11.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,721 shares of the company’s stock valued at $262,000 after acquiring an additional 5,215 shares during the last quarter. Hedge funds and other institutional investors own 32.13% of the company’s stock.

Skeena Resources Company Profile

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Skeena Resources Ltd. is a mineral exploration stage company. The firm focuses on developing the Eskay Creek Project, an advanced-stage exploration project. The company was founded on September 13, 1979 and is headquartered in Vancouver, Canada.

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