Zacks: Seabridge Gold Inc (SA) Given $17.00 Consensus Target Price by Analysts
Shares of Seabridge Gold Inc (NYSE:SA) (TSE:SEA) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $17.00 for the company and are expecting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also given Seabridge Gold an industry rank of 206 out of 255 based on the ratings given to related companies.
SA has been the subject of a number of recent research reports. Roth Capital reissued a “buy” rating on shares of Seabridge Gold in a report on Friday, July 13th. ValuEngine upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Monday, September 17th.
Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Thursday, August 9th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. analysts anticipate that Seabridge Gold will post -0.27 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SA. Commonwealth Equity Services LLC bought a new stake in Seabridge Gold during the 2nd quarter worth approximately $127,000. Royal Bank of Canada grew its position in Seabridge Gold by 87.2% during the 1st quarter. Royal Bank of Canada now owns 13,468 shares of the basic materials company’s stock worth $146,000 after acquiring an additional 6,275 shares during the last quarter. OLD Mission Capital LLC bought a new stake in Seabridge Gold during the 2nd quarter worth approximately $150,000. Tower Research Capital LLC TRC grew its position in Seabridge Gold by 350.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,978 shares of the basic materials company’s stock worth $201,000 after acquiring an additional 13,988 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Seabridge Gold during the 1st quarter worth approximately $233,000. Institutional investors and hedge funds own 25.81% 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.
See Also: Google Finance Portfolio Tips and Tricks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Seabridge Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seabridge Gold and related companies with MarketBeat.com's FREE daily email newsletter.