Equities analysts expect Seabridge Gold Inc (NYSE:SA) (TSE:SEA) to post earnings per share (EPS) of ($0.01) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Seabridge Gold’s earnings. Seabridge Gold posted earnings of ($0.04) per share during the same quarter last year, which indicates a positive year over year growth rate of 75%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 13th.
On average, analysts expect that Seabridge Gold will report full-year earnings of ($0.07) per share for the current fiscal year. For the next financial year, analysts anticipate that the business will report earnings of ($0.05) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Seabridge Gold.
Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Tuesday, August 13th. The basic materials company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01.
A number of analysts have recently commented on SA shares. Zacks Investment Research upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. ValuEngine downgraded Seabridge Gold from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Canaccord Genuity restated a “buy” rating on shares of Seabridge Gold in a research note on Friday, July 19th. Finally, B. Riley upped their target price on Seabridge Gold from $24.60 to $25.40 and gave the stock a “buy” rating in a research note on Monday, September 9th.
Shares of SA traded down $0.54 during mid-day trading on Monday, reaching $12.66. The company had a trading volume of 554,961 shares, compared to its average volume of 418,011. Seabridge Gold has a 52-week low of $10.95 and a 52-week high of $16.55. The stock has a market capitalization of $817.48 million, a P/E ratio of -48.69 and a beta of -0.02. The stock has a 50 day moving average of $14.35 and a two-hundred day moving average of $13.09.
A number of hedge funds have recently modified their holdings of SA. Cetera Advisor Networks LLC purchased a new position in Seabridge Gold during the first quarter worth approximately $217,000. Raymond James & Associates boosted its position in Seabridge Gold by 57.0% during the first quarter. Raymond James & Associates now owns 127,514 shares of the basic materials company’s stock worth $1,580,000 after purchasing an additional 46,320 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Seabridge Gold by 102.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,600 shares of the basic materials company’s stock worth $1,089,000 after purchasing an additional 44,400 shares in the last quarter. Marshall Wace LLP boosted its position in Seabridge Gold by 42,300.0% during the first quarter. Marshall Wace LLP now owns 9,328 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 9,306 shares in the last quarter. Finally, FMR LLC boosted its position in Seabridge Gold by 10.5% during the first quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock worth $15,266,000 after purchasing an additional 116,420 shares in the last quarter. Institutional investors own 23.83% 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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