Research analysts at B. Riley Financial assumed coverage on shares of Seabridge Gold (NYSE:SA – Get Free Report) (TSE:SEA) in a research report issued on Monday. The brokerage set a “buy” rating and a $40.00 price target on the basic materials company’s stock. B. Riley Financial’s target price would indicate a potential upside of 56.48% from the company’s previous close.
SA has been the topic of a number of other reports. Weiss Ratings lowered Seabridge Gold from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 16th. Zacks Research cut Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $40.00.
View Our Latest Analysis on Seabridge Gold
Seabridge Gold Stock Performance
Seabridge Gold (NYSE:SA – Get Free Report) (TSE:SEA) last released its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Equities research analysts anticipate that Seabridge Gold will post -0.17 EPS for the current fiscal year.
Institutional Trading of Seabridge Gold
Several institutional investors and hedge funds have recently modified their holdings of the stock. Financial Gravity Asset Management Inc. purchased a new position in Seabridge Gold during the fourth quarter worth about $30,000. Smartleaf Asset Management LLC bought a new position in Seabridge Gold in the 4th quarter worth about $30,000. Federation des caisses Desjardins du Quebec grew its holdings in Seabridge Gold by 77.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after buying an additional 465 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Seabridge Gold during the fourth quarter valued at about $39,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Seabridge Gold by 274.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,706 shares of the basic materials company’s stock valued at $50,000 after buying an additional 1,250 shares during the period. 34.85% of the stock is owned by hedge funds and other institutional investors.
Seabridge Gold Company Profile
Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.
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