Skeena Resources (TSE:SKE)
TSX:SKE
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Skeena Resources
(TSX:SKE)
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Rating:46Neutral
Price Target:
C$42.00
▼(-8.32% Downside)
Action:Reiterated
Date:05/17/26
The score is primarily weighed down by weak financial performance (no revenue, large and worsening losses, and substantial negative free cash flow), which raises ongoing funding risk. Technical indicators are more neutral-to-mildly supportive (positive MACD, price near key moving averages), but do not offset the fundamental cash-burn profile. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Balance-sheet cushion
A moderate leverage profile (debt/equity ~0.40) and roughly $180M of reported equity provide a durable financial buffer versus creditors. That cushion improves solvency odds during multi-year exploration cycles and supports staged financing for project milestones without immediate insolvency risk.
Negative Factors
No revenue generation
Skeena currently generates no operating revenue, leaving long-term value entirely dependent on successful asset development or monetization. Without revenue, operational sustainability and debt servicing rely on external financing, which magnifies funding and dilution risk over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet cushion
A moderate leverage profile (debt/equity ~0.40) and roughly $180M of reported equity provide a durable financial buffer versus creditors. That cushion improves solvency odds during multi-year exploration cycles and supports staged financing for project milestones without immediate insolvency risk.
Read all positive factors
Skeena Resources (SKE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.18B
Dividend YieldN/A
Average Volume (3M)346.31K
Price to Earnings (P/E)―
Beta (1Y)2.70
Revenue GrowthN/A
EPS Growth-32.52%
CountryCA
Employees83
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-2.09
Shares Outstanding121,740,295
10 Day Avg. Volume404,041
30 Day Avg. Volume346,311
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$52.00Price Target Upside13.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.69
Revenue Forecast (FY)C$259.80K
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
null...
Skeena Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.08M | -1.82M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -88.04M | -55.42M | -174.98M | -113.88M | -111.11M | -128.53M |
| Net Income | -249.05M | -182.84M | -151.94M | -108.98M | -88.89M | -117.57M |
Balance Sheet | ||||||
| Total Assets | 1.13B | 770.19M | 274.39M | 194.99M | 167.98M | 154.96M |
| Cash, Cash Equivalents and Short-Term Investments | 43.35M | 151.56M | 97.89M | 92.69M | 43.10M | 41.15M |
| Total Debt | 64.95M | 63.08M | 13.53M | 32.38M | 3.56M | 1.31M |
| Total Liabilities | 951.63M | 611.07M | 183.78M | 70.45M | 30.75M | 31.41M |
| Stockholders Equity | 180.32M | 159.12M | 90.61M | 124.53M | 137.23M | 123.55M |
Cash Flow | ||||||
| Free Cash Flow | -373.90M | -353.20M | -130.87M | -99.35M | -112.22M | -135.84M |
| Operating Cash Flow | -36.27M | -58.79M | -128.66M | -90.60M | -93.38M | -124.41M |
| Investing Cash Flow | -366.50M | -333.36M | -23.83M | 31.27M | 11.40M | -13.55M |
| Financing Cash Flow | 330.31M | 417.08M | 157.53M | 109.86M | 82.27M | 140.45M |
Skeena Resources Technical Analysis
Negative
45.81
Price Trends
42.36
Negative
42.03
Negative
33.63
Positive
Market Momentum
0.14
Positive
40.52
Neutral
44.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SKE, the sentiment is Negative. The current price of 45.81 is above the 20-day moving average (MA) of 42.64, above the 50-day MA of 42.36, and above the 200-day MA of 33.63, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 40.52 is Neutral, neither overbought nor oversold. The STOCH value of 44.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SKE.
Skeena Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$2.92B | 43.13 | -41.36% | ― | 58.08% | 35.45% | |
47 Neutral | C$5.82B | -31.05 | -39.16% | ― | ― | -59.48% | |
46 Neutral | C$5.18B | -12.06 | -185.40% | ― | ― | -32.52% | |
46 Neutral | C$6.73B | -267.64 | -59.18% | ― | 72.91% | -172.72% | |
45 Neutral | C$1.68B | -3.89 | -31.37% | ― | ― | -2891.88% |
* Basic Materials Sector Average
TSE:SKE
Skeena Resources
40.34
22.76
129.47%
TSE:AII
Almonty Industries
24.26
20.62
566.48%
TSE:USA
Americas Gold and Silver
7.65
5.60
273.17%
TSE:NGEX
NGEx Minerals
25.83
11.91
85.52%
TSE:VZLA
Vizsla Silver
4.65
0.94
25.34%
Skeena Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Skeena Raises US$750 Million to Refinance Eskay Creek and Cut Gold Stream Burden
Positive
Apr 2, 2026
Skeena Resources has priced a US$750 million offering of 8.500% senior secured notes due 2031, guaranteed by subsidiaries linked to its Eskay Creek project and secured by first-priority liens on related assets. The financing is aimed at restructur...
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...
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.