Shares of Seabridge Gold Inc (NYSE:SA) (TSE:SEA) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $17.00 for the company and are forecasting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seabridge Gold an industry rank of 104 out of 256 based on the ratings given to related companies.
A number of analysts have recently issued reports on SA shares. ValuEngine upgraded Seabridge Gold from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Zacks Investment Research raised Seabridge Gold from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, December 18th.
A number of institutional investors have recently added to or reduced their stakes in SA. OLD Mission Capital LLC purchased a new stake in shares of Seabridge Gold during the second quarter worth $150,000. Tower Research Capital LLC TRC raised its stake in shares of Seabridge Gold by 350.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,978 shares of the basic materials company’s stock valued at $201,000 after buying an additional 13,988 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of Seabridge Gold in the 3rd quarter valued at $203,000. Vanguard Group Inc raised its stake in shares of Seabridge Gold by 30.2% in the 3rd quarter. Vanguard Group Inc now owns 18,971 shares of the basic materials company’s stock valued at $246,000 after buying 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 3rd quarter. Vanguard Group Inc. now owns 18,971 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 4,400 shares in the last quarter. 25.60% of the stock is currently owned by institutional investors and hedge funds.
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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