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Skeena Resources
(TSX:SKE)
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Rating:56Neutral
Price Target:
C$39.00
▼(-19.49% Downside)
Action:Reiterated
Date:08/25/26
The score is held down primarily by very weak financial performance (pre-revenue, large losses, negative cash flow) and a sharp increase in leverage, which raise funding and execution risk. Offsetting that, technicals are strong with price above key moving averages and positive MACD, while valuation is difficult to justify using P/E due to losses and there is no dividend yield support. A recent corporate update is constructive as the build advances toward planned 2027 production, but fundamentals remain the dominant constraint.
Positive Factors
Eskay Creek development
Advancing construction of Eskay Creek gives Skeena a defined path from mineral development toward potential production rather than remaining solely an exploration story. Progress toward the 2027 target can improve project visibility and create an operating asset capable of supporting future revenue generation.
Negative Factors
Pre-revenue profile
Skeena has not yet established operating revenue, leaving its financial profile dependent on project advancement rather than customer sales. Until Eskay Creek reaches production, the company lacks recurring commercial cash inflows and remains exposed to delays in development and the eventual transition to operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Eskay Creek development
Advancing construction of Eskay Creek gives Skeena a defined path from mineral development toward potential production rather than remaining solely an exploration story. Progress toward the 2027 target can improve project visibility and create an operating asset capable of supporting future revenue generation.
Read all positive factors
Skeena Resources (SKE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.69B
Dividend YieldN/A
Average Volume (3M)275.31K
Price to Earnings (P/E)―
Beta (1Y)2.52
Revenue GrowthN/A
EPS Growth-36.42%
CountryCA
Employees170
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-2.06
Shares Outstanding125,462,710
10 Day Avg. Volume281,718
30 Day Avg. Volume275,306
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$62.00Price Target Upside27.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.36
Revenue Forecast (FY)N/A
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
Skeena Resources does not primarily generate recurring operating revenue from selling products or services because it is focused on exploring and developing mineral properties rather than producing metals. As a result, its ability to fund operatio...
Skeena Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
24
Negative
Cash Flow
18
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 | -228.95M | -174.82M | -166.99M | -112.93M | -110.58M | -127.84M |
| Net Income | -248.24M | -182.84M | -151.94M | -108.98M | -88.89M | -117.57M |
Balance Sheet | ||||||
| Total Assets | 1.92B | 770.19M | 274.39M | 194.99M | 167.98M | 154.96M |
| Cash, Cash Equivalents and Short-Term Investments | 149.05M | 151.56M | 97.89M | 92.69M | 43.10M | 41.15M |
| Total Debt | 1.12B | 63.08M | 13.53M | 32.38M | 3.56M | 1.31M |
| Total Liabilities | 1.75B | 611.07M | 183.78M | 70.45M | 30.75M | 31.41M |
| Stockholders Equity | 170.80M | 159.12M | 90.61M | 124.53M | 137.23M | 123.55M |
Cash Flow | ||||||
| Free Cash Flow | -454.28M | -353.20M | -130.87M | -99.35M | -112.22M | -135.84M |
| Operating Cash Flow | -49.68M | -58.79M | -128.66M | -90.60M | -93.38M | -124.41M |
| Investing Cash Flow | -688.82M | -333.36M | -23.83M | 31.27M | 11.40M | -13.55M |
| Financing Cash Flow | 778.42M | 417.08M | 157.53M | 109.86M | 82.27M | 140.45M |
Skeena Resources Technical Analysis
Negative
48.44
Price Trends
44.01
Negative
41.91
Negative
42.38
Negative
Market Momentum
-1.27
Positive
35.62
Neutral
22.38
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 48.44 is above the 20-day moving average (MA) of 42.68, above the 50-day MA of 44.01, and above the 200-day MA of 42.38, indicating a bearish trend. The MACD of -1.27 indicates Positive momentum. The RSI at 35.62 is Neutral, neither overbought nor oversold. The STOCH value of 22.38 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% | |
56 Neutral | C$4.69B | -18.17 | -166.74% | ― | ― | -36.42% | |
52 Neutral | C$1.35B | -19.31 | -23.94% | ― | 86.08% | 49.18% | |
52 Neutral | C$4.39B | -33.21 | -31.93% | ― | ― | -34.95% | |
50 Neutral | C$1.52B | -17.24 | -14.57% | ― | ― | -2891.88% |
* Basic Materials Sector Average
TSE:SKE
Skeena Resources
37.42
14.73
64.92%
TSE:USA
Americas Gold and Silver
4.00
-1.58
-28.32%
TSE:NGEX
NGEx Minerals
20.26
-2.59
-11.33%
TSE:VZLA
Vizsla Silver
4.28
-1.46
-25.44%
Skeena Resources Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Skeena Resources Posts Q2 2026 Results as Eskay Creek Build Advances
Positive
Aug 13, 2026
Skeena Resources has reported its interim financial results for the second quarter ended June 30, 2026, as it continues construction of the Eskay Creek gold-silver project toward an expected start of production in 2027. The company emphasizes stri...
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.