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Skeena Resources
(TSX:SKE)
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Rating:46Neutral
Price Target:
C$37.00
▼(-19.23% 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-to-equity ~0.40, equity ~ $180M and debt ~ $65M) provides a durable financial cushion for an exploration developer. This improves ability to finance staged project work or structure JV/asset-sale options without immediate solvency stress.
Negative Factors
No revenue and heavy losses
The company reports no operating revenue and sizable, worsening net losses (TTM -$249M). Without revenue generation, the business cannot self-fund development; persistent losses force reliance on external capital and increase dilution risk, impairing long-term financial sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet cushion
A moderate leverage profile (debt-to-equity ~0.40, equity ~ $180M and debt ~ $65M) provides a durable financial cushion for an exploration developer. This improves ability to finance staged project work or structure JV/asset-sale options without immediate solvency stress.
Read all positive factors
Skeena Resources (SKE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.15B
Dividend YieldN/A
Average Volume (3M)375.76K
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue GrowthN/A
EPS Growth-32.52%
CountryCA
Employees83
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-2.09
Shares Outstanding124,084,390
10 Day Avg. Volume414,619
30 Day Avg. Volume375,758
Financial Highlights & Ratios
PEG Ratio-5.23
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$48.00Price Target Upside4.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.08
Revenue Forecast (FY)C$1.60M
Skeena Resources Business Overview & Revenue Model
Company Description
Skeena Resources Limited is a Canadian company primarily focused on the exploration and advancement of mineral properties. The firm actively seeks out deposits rich in gold, silver, copper, and a variety of other precious metals. It holds full own...
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 | -219.82M | -174.82M | -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
Positive
45.81
Price Trends
40.53
Positive
42.33
Negative
36.38
Positive
Market Momentum
-0.33
Negative
55.95
Neutral
73.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SKE, the sentiment is Positive. The current price of 45.81 is above the 20-day moving average (MA) of 38.70, above the 50-day MA of 40.53, and above the 200-day MA of 36.38, indicating a bullish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 55.95 is Neutral, neither overbought nor oversold. The STOCH value of 73.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
47 Neutral | C$5.55B | -41.29 | -39.16% | ― | ― | -59.48% | |
46 Neutral | C$5.15B | -19.44 | -185.40% | ― | ― | -32.52% | |
46 Neutral | C$7.57B | ― | -59.18% | ― | 72.91% | -172.72% | |
45 Neutral | C$1.72B | -9.95 | -31.37% | ― | ― | -2891.88% | |
43 Neutral | C$2.27B | -31.15 | -41.36% | ― | 58.08% | 35.45% |
* Basic Materials Sector Average
TSE:SKE
Skeena Resources
41.52
19.53
88.81%
TSE:AII
Almonty Industries
23.14
15.69
210.60%
TSE:USA
Americas Gold and Silver
7.32
4.17
132.38%
TSE:NGEX
NGEx Minerals
26.17
10.18
63.62%
TSE:VZLA
Vizsla Silver
4.92
0.76
18.27%
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...
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.