Seabridge Gold’s (SA) Market Perform Rating Reiterated at Roth Capital

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Seabridge Gold (NYSE:SA) (TSE:SEA)‘s stock had its “market perform” rating restated by stock analysts at Roth Capital in a report released on Friday, AnalystRatings.com reports. They currently have a $21.00 price target on the basic materials company’s stock. Roth Capital’s price objective would suggest a potential upside of 32.83% from the company’s previous close.

A number of other research analysts have also commented on SA. Zacks Investment Research lowered Seabridge Gold from a “buy” rating to a “hold” rating in a report on Friday. B. Riley increased their price target on Seabridge Gold from $30.50 to $41.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, ValuEngine lowered shares of Seabridge Gold from a “buy” rating to a “hold” rating in a research report on Monday, March 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $26.00.

SA stock opened at $15.81 on Friday. The firm has a 50 day moving average of $12.92 and a two-hundred day moving average of $12.40. Seabridge Gold has a 12 month low of $5.25 and a 12 month high of $16.67. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -121.62 and a beta of 0.89.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. As a group, sell-side analysts expect that Seabridge Gold will post -0.15 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SA. HighTower Advisors LLC acquired a new stake in shares of Seabridge Gold in the first quarter worth $492,000. Advisor Group Holdings Inc. bought a new stake in Seabridge Gold in the 1st quarter valued at $334,000. Jane Street Group LLC grew its position in Seabridge Gold by 122.9% in the 1st quarter. Jane Street Group LLC now owns 77,995 shares of the basic materials company’s stock worth $729,000 after purchasing an additional 43,007 shares during the last quarter. CWA Asset Management Group LLC grew its position in Seabridge Gold by 13.0% in the 1st quarter. CWA Asset Management Group LLC now owns 12,625 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Fore Capital LLC bought a new position in shares of Seabridge Gold during the 1st quarter worth about $840,000. 23.46% of the stock is currently owned by hedge funds and other institutional investors.

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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