SKE Should I Buy
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Skeena Resources Ltd is not a strong buy for a beginner, long-term investor at this time. While analysts have raised price targets and maintain positive ratings, the company's financial performance is weak, with declining net income and EPS. Additionally, technical indicators and options data do not strongly support a bullish sentiment. The lack of significant news or catalysts further reduces the urgency to invest immediately.
The MACD is negative and expanding, indicating bearish momentum. RSI is neutral at 35.769, suggesting no clear overbought or oversold conditions. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), but the stock is trading below the pivot level of 35.515, with support at 32.925 and resistance at 38.105.
Analysts have raised price targets significantly, citing higher gold and copper price forecasts. The stock has bullish moving averages.
Weak financial performance in the latest quarter, with significant declines in net income (-56.65%) and EPS (-60%). No recent news or event-driven catalysts. MACD is bearish, and the stock is trading below the pivot level.
In Q3 2025, revenue remained at 0 with no growth. Net income dropped significantly to -$36.8M (-56.65% YoY), and EPS fell to -0.32 (-60% YoY). Gross margin remained at 0.
Analysts are optimistic, with price targets raised by CIBC (C$58), Scotiabank (C$44), and Canaccord (C$40). Ratings include 'Outperform' and 'Speculative Buy,' supported by higher gold and copper price forecasts.
