Skeena Resources (TSE:SKE)
TSX:SKE
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Skeena Resources
(TSX:SKE)
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Rating:42Neutral
Price Target:
C$36.00
▼(-4.46% Downside)
Action:ReiteratedDate:03/26/26
The score is primarily constrained by weak financial performance (pre-revenue profile, ongoing losses, and sustained cash burn with higher 2025 free-cash-flow pressure). Technicals add further downside bias (below key short-term averages with negative MACD), while valuation is also penalized by negative earnings and no dividend support.
Positive Factors
Flagship asset quality (Eskay Creek)
Owning and advancing Eskay Creek, a historically high‑grade BC mine, is a durable strategic advantage. A high‑grade development asset can materially lower long‑term unit costs and underpin stronger project economics and investor optionality once permitting and financing milestones are met.
Negative Factors
Pre-revenue and persistent losses
Being pre‑revenue with ongoing operating losses is a fundamental constraint: without production cash inflows the company must continually fund operations externally. Continued losses erode equity and increase the probability of dilution or delayed project timelines if additional capital is constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Flagship asset quality (Eskay Creek)
Owning and advancing Eskay Creek, a historically high‑grade BC mine, is a durable strategic advantage. A high‑grade development asset can materially lower long‑term unit costs and underpin stronger project economics and investor optionality once permitting and financing milestones are met.
Read all positive factors
Skeena Resources (SKE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.56B
Dividend YieldN/A
Average Volume (3M)674.48K
Price to Earnings (P/E)―
Beta (1Y)2.67
Revenue GrowthN/A
EPS Growth44.04%
CountryCA
Employees83
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.60
Shares Outstanding121,093,340
10 Day Avg. Volume695,415
30 Day Avg. Volume674,475
Financial Highlights & Ratios
PEG Ratio-5.24
Price to Book (P/B)23.61
Price to Sales (P/S)0.00
P/FCF Ratio-10.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$46.75Price Target Upside24.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.48
Revenue Forecast (FY)C$207.84K
Skeena Resources Business Overview & Revenue Model
Company Description
Skeena Resources Limited explores 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 miner...
How the Company Makes Money
Skeena Resources is primarily a pre-revenue mineral development company; as such, it typically does not generate recurring operating revenue from the sale of metals until a mine is in production. Its economic model is to create value by acquiring ...
Skeena Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.82M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -55.42M | -174.98M | -113.88M | -111.11M | -128.53M |
| Net Income | -182.84M | -151.94M | -108.98M | -88.89M | -117.57M |
Balance Sheet | |||||
| Total Assets | 770.19M | 274.39M | 194.99M | 167.98M | 154.96M |
| Cash, Cash Equivalents and Short-Term Investments | 151.56M | 97.89M | 92.69M | 43.10M | 41.15M |
| Total Debt | 63.08M | 13.53M | 32.38M | 3.56M | 1.31M |
| Total Liabilities | 611.07M | 183.78M | 70.45M | 30.75M | 31.41M |
| Stockholders Equity | 159.12M | 90.61M | 124.53M | 137.23M | 123.55M |
Cash Flow | |||||
| Free Cash Flow | -353.20M | -130.87M | -99.35M | -112.22M | -135.84M |
| Operating Cash Flow | -58.79M | -128.66M | -90.60M | -93.38M | -124.41M |
| Investing Cash Flow | -333.36M | -23.83M | 31.27M | 11.40M | -13.55M |
| Financing Cash Flow | 417.08M | 157.53M | 109.86M | 82.27M | 140.45M |
Skeena Resources Technical Analysis
Neutral
37.68
Price Trends
43.45
Negative
36.52
Positive
29.60
Positive
Market Momentum
-2.06
Positive
35.43
Neutral
27.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SKE, the sentiment is Neutral. The current price of 37.68 is below the 20-day moving average (MA) of 43.64, below the 50-day MA of 43.45, and above the 200-day MA of 29.60, indicating a neutral trend. The MACD of -2.06 indicates Positive momentum. The RSI at 35.43 is Neutral, neither overbought nor oversold. The STOCH value of 27.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SKE.
Skeena Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$5.93B | -15.51 | -108.87% | ― | 7.50% | -508.68% | |
46 Neutral | C$3.24B | -2,466.70 | -2.00% | ― | ― | -103.83% | |
45 Neutral | C$1.57B | -3.89 | -3.13% | ― | ― | ― | |
44 Neutral | C$2.21B | -39.03 | -113.86% | ― | 14.32% | 37.85% | |
43 Neutral | C$5.47B | -42.19 | -70.32% | ― | ― | -122.31% | |
42 Neutral | C$4.56B | -20.54 | -131.76% | ― | ― | 44.04% |
* General Sector Average
TSE:SKE
Skeena Resources
37.68
23.45
164.79%
TSE:AII
Almonty Industries
22.58
19.40
610.06%
TSE:FOM
Foran Mining
5.75
1.76
44.11%
TSE:USA
Americas Gold and Silver
8.09
6.17
320.26%
TSE:NGEX
NGEx Minerals
25.23
11.67
86.09%
TSE:VZLA
Vizsla Silver
4.48
1.23
37.85%
Skeena Resources Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Skeena Advances Eskay Creek as 2025 Results Underscore Path to 2027 Production
Positive
Mar 24, 2026
Skeena Resources reported its fourth quarter and full-year 2025 financial results, highlighting continued progress in constructing the fully permitted Eskay Creek Gold-Silver Project in British Columbia. The company reiterated its timeline to reac...
Business Operations and Strategy
Skeena Showcases Eskay Creek Construction Progress in New Video Update
Positive
Feb 17, 2026
Skeena Resources, also known as Skeena Gold Silver, is a precious metals developer advancing its fully permitted Eskay Creek gold-silver project in British Columbia’s Golden Triangle. The company targets initial production and cash flow by ...
Business Operations and StrategyRegulatory Filings and Compliance
Skeena Wins Key BC Mines Act Permit for Eskay Creek Project
Positive
Jan 28, 2026
Skeena Resources has secured its British Columbia Mines Act permit for the Eskay Creek gold-silver project, a key regulatory milestone that follows the project’s Environmental Assessment Certificate and stems from B.C.’s first Section ...
Business Operations and StrategyRegulatory Filings and Compliance
Skeena Wins Landmark Environmental Approvals for Eskay Creek Gold-Silver Mine in B.C.
Positive
Jan 27, 2026
Skeena Resources has secured both a British Columbia Environmental Assessment Certificate and federal approval under the Impact Assessment Act for its 100%-owned Eskay Creek gold-silver project in northwestern B.C., marking a major permitting mile...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.