Skeena Resources (SKE) AI Stock Analysis

• Market Cap: C$1.51B
• Dividend Yield: N/A
• Average Volume (3M): 261.31K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.64
• Revenue Growth: N/A
• EPS Growth: -66.33%
• Country: CA
• Employees: 83
• Sector: Basic Materials
• Sector Strength: 56
• Industry: Mining
• EPS (TTM): -1.85
• Shares Outstanding: 113,143,074
• 10 Day Avg. Volume: 191,055
• 30 Day Avg. Volume: 261,309
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -9.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$14.50
• Price Target Upside: 4.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Skeena Resources is currently facing substantial financial challenges with persistent operational losses and negative cash flows, which are typical for exploration-focused mining companies. While the low debt level minimizes leverage risk, the lack of revenue generation and heavy reliance on external financing are significant weaknesses. Technical analysis presents mixed signals with some upward momentum, but overall valuation remains a concern due to negative earnings and lack of dividend yield.

Skeena Resources Business Overview & Revenue Model

Company Description

Skeena Resources Limited (SKE) is a Canadian mining exploration and development company focused on revitalizing high-grade precious metal projects in the Golden Triangle of northwest British Columbia. Its primary asset is the Eskay Creek gold-silver project, which is known for its rich mineral deposits. The company's operations are primarily involved in the exploration, development, and potential production of gold and silver resources.

How the Company Makes Money

Skeena Resources makes money primarily through the exploration, development, and prospective sale of precious metal resources, particularly gold and silver. The company invests in exploring and developing mineral-rich properties to increase their value, with the goal of eventually selling these properties or entering into joint ventures with larger mining companies to bring the projects into production. Revenue is generated from the sale of extracted minerals or through strategic partnerships with other mining entities who may acquire stakes in Skeena's projects. Key revenue streams include proceeds from the sale of mineral resources and potential royalties or dividends from production partnerships. Significant factors contributing to the company's earnings include the quality and quantity of mineral reserves, market prices for gold and silver, and the successful advancement of their exploration projects toward production.

Skeena Resources Financial Statement Overview

Summary

Skeena Resources is facing significant financial challenges with persistent losses and negative cash flows, typical in early-stage or exploration-focused mining companies. While the company maintains a low debt level, indicating limited leverage risk, its lack of revenue generation and reliance on external financing pose considerable financial stability concerns.

Income Statement

Skeena Resources shows consistent net losses with no revenue generated over multiple periods. The gross profit margin is negative due to the lack of revenue, and EBIT and EBITDA margins are also negative, indicating the company is incurring substantial operating losses. The lack of revenue growth is a critical weakness.

Balance Sheet

The debt-to-equity ratio remains low, indicating a conservative level of leverage, which is positive. However, the continuous accumulation of net losses has negatively impacted stockholders' equity over time. Despite a stable cash position, the equity ratio is decreasing, signaling potential risk if liabilities continue to rise.

Cash Flow

The company consistently reports negative operating and free cash flows, indicating cash outflows exceed inflows, which is a concern. There is high reliance on financing activities to support operations. The operating cash flow to net income ratio indicates inefficiencies in converting income into cash, which is a weakness.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-3.45M	-2.40M	-289.00K	-320.00K	-377.19K	-376.52K
	EBIT
-68.95M	-114.77M	-123.52M	-130.58M	-68.50M	-15.55M
	EBITDA
-148.53M	-113.88M	-111.11M	-128.53M	-79.51M	-26.43M
	Net Income Common Stockholders
-180.25M	-108.98M	-54.26M	-117.39M	-71.45M	-29.08M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.09M	92.69M	43.10M	41.15M	37.82M	13.12M
	Total Assets
24.55M	194.99M	167.98M	154.96M	137.84M	24.43M
	Total Debt
0.00	32.38M	3.56M	1.31M	2.63M	1.47M
	Net Debt
-1.09M	-58.75M	-37.04M	-39.00M	-35.19M	-11.65M
	Total Liabilities
5.99M	70.45M	30.75M	31.41M	28.89M	12.82M
	Stockholders Equity
18.57M	124.53M	137.23M	123.55M	108.95M	11.61M
Cash Flow		Free Cash Flow
-135.34M	-113.70K	-112.22M	-135.84M	-74.15M	-10.79M
	Operating Cash Flow
-123.32M	-90.60K	-93.38M	-124.41M	-66.38M	-10.47M
	Investing Cash Flow
33.68M	31.27M	11.40M	-13.55M	591.36K	388.36K
	Financing Cash Flow
136.53M	109.86M	82.27M	140.45M	90.49M	22.11M

Skeena Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.91
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 13.91 is below the 20-day moving average (MA) of 14.59, below the 50-day MA of 14.22, and above the 200-day MA of 11.34, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 39.65 is Neutral, neither overbought nor oversold. The STOCH value of 26.33 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
K	75 Outperform	$18.74B	15.18	14.66%	1.08%	16.53%	206.89%
ELD	74 Outperform	$4.24B	10.64	8.12%	―	27.29%	―
NGD	68 Neutral	C$3.17B	22.80	11.14%	―	18.32%	―
BTO	54 Neutral	$4.96B	―	-18.54%	5.99%	-4.17%	-318.18%
Sector *	47 Neutral	$2.64B	-4.00	-31.55%	3.33%	2.93%	-29.90%
SKE	41 Neutral	C$1.51B	―	-156.19%	―	―	-66.33%
SEA	38 Underperform	C$1.52B	―	-1.59%	―	―	63.45%