Seabridge Gold Inc (NYSE:SA) (TSE:SEA) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $17.00 for the company and are predicting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given Seabridge Gold an industry rank of 177 out of 256 based on the ratings given to related companies.
SA has been the subject of a number of analyst reports. ValuEngine upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Zacks Investment Research upgraded shares of Seabridge Gold from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, December 18th.
A number of institutional investors and hedge funds have recently modified their holdings of SA. OLD Mission Capital LLC bought a new position in shares of Seabridge Gold during the second quarter valued at approximately $150,000. Tower Research Capital LLC TRC increased its position in shares of Seabridge Gold by 350.6% during the second quarter. Tower Research Capital LLC TRC now owns 17,978 shares of the basic materials company’s stock valued at $201,000 after acquiring an additional 13,988 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Seabridge Gold during the third quarter valued at approximately $203,000. Vanguard Group Inc increased its position in shares of Seabridge Gold by 30.2% during the third quarter. Vanguard Group Inc now owns 18,971 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Seabridge Gold by 30.2% during the third quarter. Vanguard Group Inc. now owns 18,971 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 25.60% 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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