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Analysts expect Skeena Resources Ltd (NYSE:SKE) to report earnings of -$0.14 per share

Analysts expect Skeena Resources Ltd (NYSE:SKE – Get Rating) to report ($0.14) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts released earnings estimates for Skeena Resources. The company is expected to announce its next quarterly results on Friday, March 4.

On average, analysts expect Skeena Resources to report annual earnings of ($0.66) per share for the current fiscal year, with EPS estimates ranging from ($0.82) to ($0. $49). For the next fiscal year, analysts expect the company to report earnings of ($0.33) per share, with EPS estimates ranging from ($0.59) to ($0.06). Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research analysts who track Skeena Resources.

Separately, Desjardins assumed coverage for Skeena Resources in a Wednesday, Nov. 24, report. They set a “buy” rating and a target price of C$23.50 for the company.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Bank of America Corp DE bought a new stake in shares of Skeena Resources in the fourth quarter worth $40,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new equity stake in Skeena Resources during the fourth quarter, valued at $52,000. Raymond James & Associates bought a new stake in shares of Skeena Resources during the fourth quarter at a value of $204,000. Renaissance Technologies LLC purchased a new stake in shares of Skeena Resources during the fourth quarter valued at $274,000. Finally, Goldman Sachs Group Inc. purchased a new equity stake in Skeena Resources during the fourth quarter valued at $434,000. 1.56% of the shares are currently held by hedge funds and other institutional investors.

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SKE traded as low as $0.31 in Friday’s midday session, hitting $10.47. The stock recorded trading volume of 16,446 shares, compared to an average trading volume of 36,412 shares. Skeena Resources has a 1-year low of $8.24 and a 1-year high of $13.60. The company’s fifty-day moving average is $10.66.

Skeena Resources Company Profile (Get a rating)

Skeena Resources Ltd. is a company in the mining exploration stage. The company is focused on the development of the Eskay Creek project, an advanced stage exploration project. The company was founded on September 13, 1979 and is headquartered in Vancouver, Canada.

Further reading

Get a free copy of Zacks’ research report on Skeena Resources (SKE)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

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