Seabridge Gold Inc (NYSE:SA) (TSE:SEA) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $19.50 for the company and are predicting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seabridge Gold an industry rank of 146 out of 256 based on the ratings given to its competitors.
A number of research analysts have recently commented on SA shares. Zacks Investment Research raised Seabridge Gold from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Saturday, February 16th. ValuEngine lowered Seabridge Gold from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, B. Riley started coverage on Seabridge Gold in a report on Tuesday, April 30th. They set a “buy” rating and a $22.00 price target on the stock.
Shares of SA opened at $11.21 on Wednesday. The firm has a market cap of $691.16 million, a PE ratio of -43.12 and a beta of 0.03. Seabridge Gold has a one year low of $10.40 and a one year high of $15.30.
Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its holdings in shares of Seabridge Gold by 10.5% during the first quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock valued at $15,266,000 after purchasing an additional 116,420 shares during the period. Toronto Dominion Bank grew its holdings in Seabridge Gold by 0.3% during the first quarter. Toronto Dominion Bank now owns 1,007,391 shares of the basic materials company’s stock worth $12,518,000 after acquiring an additional 3,026 shares during the period. Morgan Stanley grew its holdings in Seabridge Gold by 150.7% during the first quarter. Morgan Stanley now owns 602,170 shares of the basic materials company’s stock worth $7,461,000 after acquiring an additional 362,008 shares during the period. Northern Trust Corp grew its holdings in Seabridge Gold by 0.6% during the first quarter. Northern Trust Corp now owns 317,432 shares of the basic materials company’s stock worth $3,933,000 after acquiring an additional 1,896 shares during the period. Finally, Alps Advisors Inc. grew its holdings in Seabridge Gold by 38.4% during the fourth quarter. Alps Advisors Inc. now owns 157,000 shares of the basic materials company’s stock worth $2,077,000 after acquiring an additional 43,598 shares during the period. 23.43% of the stock is currently owned by institutional investors.
Seabridge Gold Company Profile
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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