Skeena Resources (TSE:SKE)
TSX:SKE
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Skeena Resources
(TSX:SKE)
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Rating:42Neutral
Price Target:
C$39.00
▼(-14.87% 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
Equity capitalization
A stronger equity base provides durable financing flexibility for a pre-revenue explorer. It cushions ongoing cash burn, supports continued drilling and studies without immediate insolvency risk, and improves ability to secure JV partners or equity raises on more favorable terms.
Negative Factors
No revenue and rising losses
The company remains pre-revenue with escalating net losses, undermining internal funding capacity. Persistent losses erode returns and shareholder equity over time, increasing reliance on external capital and raising the long-term risk that projects may be delayed or diluted.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity capitalization
A stronger equity base provides durable financing flexibility for a pre-revenue explorer. It cushions ongoing cash burn, supports continued drilling and studies without immediate insolvency risk, and improves ability to secure JV partners or equity raises on more favorable terms.
Read all positive factors
Skeena Resources (SKE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.84B
Dividend YieldN/A
Average Volume (3M)674.48K
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue GrowthN/A
EPS Growth-4.65%
CountryCA
Employees83
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.60
Shares Outstanding121,740,295
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$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
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
Positive
45.81
Price Trends
43.97
Positive
39.53
Positive
31.41
Positive
Market Momentum
0.85
Negative
59.60
Neutral
64.12
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 41.80, above the 50-day MA of 43.97, and above the 200-day MA of 31.41, indicating a bullish trend. The MACD of 0.85 indicates Negative momentum. The RSI at 59.60 is Neutral, neither overbought nor oversold. The STOCH value of 64.12 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% | |
58 Neutral | C$7.57B | -15.51 | -116.13% | ― | 12.75% | -821.09% | |
52 Neutral | C$5.39B | -42.19 | -56.09% | ― | ― | -80.54% | |
48 Neutral | C$2.46B | -18.63 | -91.20% | ― | 21.21% | 21.73% | |
45 Neutral | C$1.63B | -3.89 | -31.37% | ― | ― | -2891.88% | |
42 Neutral | C$4.84B | -20.54 | -148.51% | ― | ― | -4.65% |
* Basic Materials Sector Average
TSE:SKE
Skeena Resources
39.72
24.08
153.96%
TSE:AII
Almonty Industries
27.00
23.61
696.46%
TSE:USA
Americas Gold and Silver
7.54
5.64
296.84%
TSE:NGEX
NGEx Minerals
24.84
13.10
111.51%
TSE:VZLA
Vizsla Silver
4.65
1.80
63.16%
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...
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 ...
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.