Seabridge Gold (SA) Rating Increased to Buy at ValuEngine
Several other research firms have also recently issued reports on SA. B. Riley started coverage on shares of Seabridge Gold in a report on Tuesday, April 30th. They issued a “buy” rating and a $22.00 price target on the stock. Zacks Investment Research raised shares of 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.
SA opened at $12.18 on Monday. The firm has a market capitalization of $751.73 million, a P/E ratio of -46.85 and a beta of 0.09. Seabridge Gold has a 12-month low of $10.40 and a 12-month high of $15.30.
Large investors have recently modified their holdings of the business. Liberty Wealth Management LLC acquired a new stake in shares of Seabridge Gold during the fourth quarter worth $36,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Seabridge Gold during the fourth quarter worth $52,000. Marshall Wace LLP raised its holdings in shares of 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 during the period. Global Strategic Management Inc. acquired a new stake in shares of Seabridge Gold during the first quarter worth $124,000. Finally, Good Life Advisors LLC acquired a new stake in shares of Seabridge Gold during the first quarter worth $142,000. 23.14% of the stock is currently owned by institutional investors.
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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