Analysts Anticipate Seabridge Gold Inc (SA) to Announce ($0.05) EPS
Shares of Seabridge Gold Inc (NYSE:SA) (TSE:SEA) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $17.00 for the company and are predicting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also given Seabridge Gold an industry rank of 209 out of 257 based on the ratings given to related companies.
Several analysts recently weighed in on SA shares. Roth Capital restated a “buy” rating on shares of Seabridge Gold in a report on Friday, July 13th. ValuEngine downgraded Seabridge Gold from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd.
Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings data on Thursday, August 9th. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. On average, research analysts anticipate that Seabridge Gold will post -0.27 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Seabridge Gold by 2.9% in the first quarter. BlackRock Inc. now owns 197,887 shares of the basic materials company’s stock valued at $2,137,000 after acquiring an additional 5,509 shares in the last quarter. FMR LLC raised its holdings in shares of Seabridge Gold by 0.7% in the second quarter. FMR LLC now owns 1,515,539 shares of the basic materials company’s stock valued at $16,822,000 after acquiring an additional 9,800 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Seabridge Gold by 14.8% in the second quarter. Baird Financial Group Inc. now owns 136,903 shares of the basic materials company’s stock valued at $1,526,000 after acquiring an additional 17,612 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Seabridge Gold by 87.2% in the first quarter. Royal Bank of Canada now owns 13,468 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 6,275 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Seabridge Gold by 350.6% in 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. Hedge funds and other institutional investors own 25.32% 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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