Seabridge Gold (NYSE:SA) Issues Earnings Results, Beats Estimates By $0.09 EPS

Seabridge Gold (NYSE:SA) (TSE:SEA) issued its earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09, Zacks reports.

Seabridge Gold Stock Performance

NYSE:SA traded up $0.84 during trading hours on Friday, hitting $25.41. 345,543 shares of the company traded hands, compared to its average volume of 650,186. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46. Seabridge Gold has a twelve month low of $23.26 and a twelve month high of $35.12. The firm has a 50-day moving average of $27.78 and a 200 day moving average of $29.63. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 122.41 and a beta of 0.84.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SA shares. Weiss Ratings upgraded Seabridge Gold from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Wall Street Zen upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research upgraded shares of Seabridge Gold to a “hold” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada lifted their price objective on shares of Seabridge Gold from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, B. Riley Financial initiated coverage on Seabridge Gold in a report on Monday, August 3rd. They set a “buy” rating and a $40.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Seabridge Gold has an average rating of “Hold” and a consensus target price of $56.00.

Seabridge Gold Company Profile

Seabridge Gold Inc. is a Canadian mineral exploration and development company focused on acquiring and advancing gold and copper properties. Founded in 1999, the company seeks to grow its mineral reserves through exploration and project development rather than operating producing mines. Its principal asset is the 100%-owned KSM project in northwestern British Columbia, a large gold-copper development project. Seabridge also holds interests in exploration and development properties including Iskut in British Columbia, Courageous Lake in the Northwest Territories and Snowstorm in Nevada.