Scotiabank Cuts Earnings Estimates for Skeena Resources

Skeena Resources Limited (NYSE:SKE) – Scotiabank reduced their FY2026 EPS estimates for Skeena Resources in a research report issued to clients and investors on Wednesday, April 1st. Scotiabank analyst O. Habib now anticipates that the company will earn ($0.68) per share for the year, down from their previous estimate of ($0.53). Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.98) per share. Scotiabank also issued estimates for Skeena Resources’ FY2027 earnings at $0.57 EPS.

SKE has been the subject of several other reports. Wall Street Zen downgraded Skeena Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Skeena Resources in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Skeena Resources in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Skeena Resources Price Performance

Shares of NYSE:SKE opened at $30.94 on Friday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -27.38 and a beta of 1.27. The business’s 50 day simple moving average is $31.94 and its 200-day simple moving average is $24.61. Skeena Resources has a 12 month low of $8.53 and a 12 month high of $38.77.

Institutional Trading of Skeena Resources

A number of large investors have recently made changes to their positions in SKE. Rockefeller Capital Management L.P. lifted its holdings in Skeena Resources by 41.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,555 shares of the company’s stock valued at $37,000 after purchasing an additional 455 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Skeena Resources during the fourth quarter worth about $43,000. PNC Financial Services Group Inc. raised its position in shares of Skeena Resources by 431.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,390 shares of the company’s stock valued at $44,000 after buying an additional 1,940 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Skeena Resources in the fourth quarter valued at approximately $45,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Skeena Resources during the first quarter valued at approximately $89,000. Institutional investors and hedge funds 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 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.