Seabridge Gold Inc. (NYSE:SA) – Research analysts at National Bank Financial dropped their FY2016 earnings per share (EPS) estimates for Seabridge Gold in a research report issued on Monday. National Bank Financial analyst R. Ray now expects that the brokerage will post earnings per share of ($0.13) for the year, down from their prior forecast of ($0.10). National Bank Financial also issued estimates for Seabridge Gold’s FY2017 earnings at ($0.13) EPS.

Separately, Zacks Investment Research cut Seabridge Gold from a “hold” rating to a “sell” rating in a report on Thursday.

Shares of Seabridge Gold (NYSE:SA) opened at 10.72 on Wednesday. Seabridge Gold has a 12-month low of $5.46 and a 12-month high of $15.88. The firm’s market cap is $580.36 million. The stock’s 50 day moving average price is $11.09 and its 200 day moving average price is $12.82.

A number of large investors have recently made changes to their positions in SA. Advisor Group Inc. purchased a new stake in shares of Seabridge Gold during the second quarter valued at approximately $101,000. IFP Advisors Inc boosted its stake in shares of Seabridge Gold by 13.1% in the second quarter. IFP Advisors Inc now owns 10,179 shares of the company’s stock valued at $149,000 after buying an additional 1,179 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Seabridge Gold by 215.7% in the third quarter. Advisory Services Network LLC now owns 12,903 shares of the company’s stock valued at $142,000 after buying an additional 8,816 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Seabridge Gold by 31.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,361 shares of the company’s stock valued at $211,000 after buying an additional 3,476 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Seabridge Gold during the second quarter valued at approximately $228,000. 24.31% of the stock is currently owned by hedge funds and other institutional investors.

Seabridge Gold Company Profile

Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

5 Day Chart for NYSE:SA

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