Shares of Seabridge Gold Inc (NYSE:SA) (TSE:SEA) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $21.31 for the company and are predicting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given Seabridge Gold an industry rank of 15 out of 256 based on the ratings given to its competitors.
SA has been the subject of several analyst reports. B. Riley initiated coverage on shares of Seabridge Gold in a report on Tuesday, April 30th. They set a “buy” rating and a $22.00 price target for the company. Canaccord Genuity reiterated a “buy” rating on shares of Seabridge Gold in a research report on Friday, July 19th. ValuEngine upgraded shares of Seabridge Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Finally, Zacks Investment Research downgraded shares of Seabridge Gold from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th.
Shares of NYSE:SA traded up $0.30 during trading on Tuesday, reaching $14.77. 5,657 shares of the company’s stock traded hands, compared to its average volume of 521,528. Seabridge Gold has a fifty-two week low of $10.40 and a fifty-two week high of $15.74. The stock has a market cap of $905.66 million, a price-to-earnings ratio of -56.81 and a beta of 0.12. The stock has a 50-day simple moving average of $14.02.
Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Equities research analysts anticipate that Seabridge Gold will post -0.13 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SA. Northern Trust Corp lifted its stake in shares of Seabridge Gold by 1,113.8% in the fourth quarter. Northern Trust Corp now owns 315,536 shares of the basic materials company’s stock worth $4,175,000 after acquiring an additional 289,541 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Seabridge Gold in the fourth quarter worth approximately $173,000. Millennium Management LLC increased its position in shares of Seabridge Gold by 119.0% in the fourth quarter. Millennium Management LLC now owns 143,023 shares of the basic materials company’s stock worth $1,892,000 after acquiring an additional 77,723 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Seabridge Gold in the fourth quarter worth approximately $527,000. Finally, Virtu Financial LLC purchased a new position in shares of Seabridge Gold in the first quarter worth approximately $297,000. Institutional investors own 23.45% of the company’s stock.
About Seabridge Gold
Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.
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