Wall Street brokerages predict that Seabridge Gold Inc (NYSE:SA) (TSE:SEA) will report ($0.05) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Seabridge Gold’s earnings. Seabridge Gold reported earnings per share of ($0.02) during the same quarter last year, which suggests a negative year-over-year growth rate of 150%. The business is expected to issue its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Seabridge Gold will report full year earnings of ($0.27) per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of ($0.21) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Seabridge Gold.
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 consensus estimate of ($0.05) by $0.02.
Shares of Seabridge Gold stock traded up $0.47 on Friday, hitting $14.50. The stock had a trading volume of 1,112,961 shares, compared to its average volume of 336,651. Seabridge Gold has a one year low of $9.80 and a one year high of $14.57. The stock has a market capitalization of $769.52 million and a price-to-earnings ratio of -103.57.
A number of hedge funds have recently made changes to their positions in SA. Toronto Dominion Bank lifted its stake in Seabridge Gold by 40.9% in the second quarter. Toronto Dominion Bank now owns 704,343 shares of the basic materials company’s stock worth $7,923,000 after acquiring an additional 204,341 shares during the period. Van ECK Associates Corp lifted its position in Seabridge Gold by 5.5% during the second quarter. Van ECK Associates Corp now owns 3,530,693 shares of the basic materials company’s stock valued at $39,367,000 after buying an additional 183,600 shares during the period. Jane Street Group LLC lifted its position in Seabridge Gold by 218.7% during the first quarter. Jane Street Group LLC now owns 98,395 shares of the basic materials company’s stock valued at $1,063,000 after buying an additional 67,521 shares during the period. Millennium Management LLC purchased a new position in Seabridge Gold during the first quarter valued at $613,000. Finally, UBS Group AG lifted its position in Seabridge Gold by 9.0% during the first quarter. UBS Group AG now owns 438,379 shares of the basic materials company’s stock valued at $4,735,000 after buying an additional 36,315 shares during the period. 25.81% of the stock is owned by institutional investors.
Seabridge Gold Company Profile
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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