Wall Street brokerages forecast that Seabridge Gold Inc (NYSE:SA) (TSE:SEA) will announce earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Seabridge Gold’s earnings. Seabridge Gold reported earnings per share of ($0.04) in the same quarter last year, which would suggest a negative year over year growth rate of 25%. The business is expected to issue its next earnings report on Monday, May 13th.

On average, analysts expect that Seabridge Gold will report full-year earnings of ($0.19) per share for the current fiscal year. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Seabridge Gold.

Several research firms have weighed in on SA. Zacks Investment Research upgraded Seabridge Gold from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Saturday, February 16th. ValuEngine upgraded Seabridge Gold from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

A number of large investors have recently made changes to their positions in SA. Toronto Dominion Bank boosted its stake in Seabridge Gold by 13.0% during the 4th quarter. Toronto Dominion Bank now owns 1,004,365 shares of the basic materials company’s stock valued at $13,274,000 after purchasing an additional 115,465 shares during the last quarter. Morgan Stanley increased its position in shares of Seabridge Gold by 95.0% during the third quarter. Morgan Stanley now owns 375,694 shares of the basic materials company’s stock valued at $4,865,000 after buying an additional 183,050 shares during the period. Northern Trust Corp increased its position in shares of Seabridge Gold by 1,113.8% during the fourth quarter. Northern Trust Corp now owns 315,536 shares of the basic materials company’s stock valued at $4,175,000 after buying an additional 289,541 shares during the period. Alps Advisors Inc. increased its position in shares of Seabridge Gold by 38.4% during the fourth quarter. Alps Advisors Inc. now owns 157,000 shares of the basic materials company’s stock valued at $2,077,000 after buying an additional 43,598 shares during the period. Finally, Millennium Management LLC increased its position in shares of Seabridge Gold by 119.0% during the fourth quarter. Millennium Management LLC now owns 143,023 shares of the basic materials company’s stock valued at $1,892,000 after buying an additional 77,723 shares during the period. 23.51% of the stock is owned by institutional investors and hedge funds.

NYSE:SA traded up $0.01 during trading hours on Tuesday, reaching $11.15. 262,665 shares of the company were exchanged, compared to its average volume of 444,871. Seabridge Gold has a 1-year low of $10.20 and a 1-year high of $15.30.

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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