FY2024 EPS Estimates for Skeena Resources Limited Reduced by Raymond James (NYSE:SKE)

Skeena Resources Limited (NYSE:SKE) – Investment analysts at Raymond James reduced their FY2024 EPS estimates for shares of Skeena Resources in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of ($0.14) for the year, down from their previous estimate of ($0.11). The consensus estimate for Skeena Resources’ current full-year earnings is ($0.19) per share. Raymond James also issued estimates for Skeena Resources’ Q4 2024 earnings at ($0.03) EPS.

Skeena Resources Trading Up 5.3 %

SKE opened at $4.93 on Friday. Skeena Resources has a one year low of $3.05 and a one year high of $7.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.86 and a quick ratio of 3.86. The business has a 50 day simple moving average of $4.36 and a two-hundred day simple moving average of $4.28. The firm has a market capitalization of $445.47 million, a price-to-earnings ratio of -5.19 and a beta of 1.37.

Skeena Resources (NYSE:SKE) last issued its earnings results on Monday, April 1st. The company reported ($0.27) EPS for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in Skeena Resources by 0.5% during the 3rd quarter. Mackenzie Financial Corp now owns 612,018 shares of the company’s stock valued at $2,785,000 after acquiring an additional 3,270 shares during the period. TD Asset Management Inc increased its stake in shares of Skeena Resources by 8.7% during the third quarter. TD Asset Management Inc now owns 67,882 shares of the company’s stock valued at $312,000 after purchasing an additional 5,418 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Skeena Resources by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after purchasing an additional 7,948 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its position in shares of Skeena Resources by 3.4% in the 4th 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, Barclays PLC purchased a new stake in shares of Skeena Resources in the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.