$SKE

S&P Global Ratings upgraded Skeena Resources' outlook to positive, citing progress on its Eskay Creek project, which is over 70% complete. The project could generate over C$600 million in annual free cash flow at steady state, assuming a gold price of US$3,300 per ounce. Skeena lacks an operating track record, and the rating reflects risks related to favorable conditions. S&P may raise the rating if the project nears completion with sufficient liquidity.

Canadian analysts updated ratings and price targets for various companies. Enbridge (ENB) and TC Energy (TRP) received upgrades, while Evertz Technologies (ET) saw multiple target reductions. Notable changes include BCE (BCE) upgraded to BUY, Canfor (CFP) raised to STRONG BUY, and West Fraser (WFG) target increased. Several new coverages were initiated, including for Calian Group (CGY) and Skeena Resources (SKE).

UBS analyst Daniel Major assigned a Buy rating to Skeena Resources (SKE) with a C$60.00 price target. The average analyst consensus is Moderate Buy with a C$56.00 target. Skeena reported a Q2 GAAP net loss of C$35.22 million, slightly improved from last year's C$36.03 million loss. Insider sentiment is negative, with increased selling activity.

The Globe and Mail’s Scott Barlow reports that Scotiabank strategist Jean-Michel Gauthier made six changes to his Canadian top 30 stock picks, citing a rotation from energy to banks and financials. The list swap includes Baytex Energy replacing Vermillion Energy, and BNS and Curaleaf entering for VET, Skeena Resources, and Finning. The roundup also covers U.S. analyst quality picks (Vistra, Moody’s, Intuit) and crypto volatility.

Ottawa will contribute C$500M (US$352M) to Newmont’s proposed Red Chris Block Cave, linking mine funding to British Columbia’s North Coast Transmission Line. The deal also includes C$3.9B for BC Hydro’s first two stages. Red Chris needs up to 145 MW; the expansion could add ~14 years of mine life and ~1,800 construction jobs, according to Newmont.

A PwC Canada report says British Columbia and Yukon could lose ground in critical minerals supply unless they speed mine construction, power buildout and permitting. PwC’s BC Mine 2025 notes metallurgical coal fell to <50% of BC mining revenue in 2024 from >60% in 2023, while copper rose to 25% from 19%. It cites demand driven by industrial policy and energy security, and highlights infrastructure constraints.

Skeena Gold & Silver Resources Ltd. announced a US$750 million senior secured note offering to refinance its Eskay Creek project in British Columbia. The proceeds will also fund a partial buyback of an existing gold stream, aiming to improve future operating margins, increase exposure to gold prices, and enhance project economics. The Eskay Creek project is fully permitted and under construction, expected to begin production in Q2 2027.

Skeena Resources (TSX:SKE) has released new technical and permitting updates for its Eskay Creek gold and silver project, impacting its valuation. While the company has seen strong share price growth, trading at a high Price-to-Book ratio of 47.6x compared to its peers, Simply Wall St's Discounted Cash Flow model suggests the stock may be significantly undervalued with a fair value estimate of CA$294.91, highlighting a tension between asset-based and cash flow-based valuation methods. The company's future value heavily relies on successful permitting and funding for the Eskay Creek project, with potential risks from delays or cost pressures.

Skeena Resources (NYSE:SKE) saw its shares gap up at market open to $25.80 from a $24.44 close, trading around $24.90 intraday, representing a 2.2% move. Analyst sentiment is mixed but generally positive, with an average "Moderate Buy" rating from MarketBeat based on one Strong Buy, four Buy, and one Sell rating. The company has a market cap of $3.02 billion and a negative P/E, having recently missed EPS estimates, with analysts forecasting negative EPS for the current fiscal year.

VANCOUVER, British Columbia, Nov. 13, 2025 ( GLOBE NEWSWIRE ) -- Skeena Resources Limited ( TSX: SKE, NYSE: SKE ) ( "Skeena Gold & Silver", "Skeena" or the "Company" ) reports interim financial results for the quarter ended September 30, 2025.