Seabridge Gold (NYSE:SA – Get Free Report) (TSE:SEA) had its target price upped by stock analysts at Royal Bank Of Canada from $71.00 to $72.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 143.74% from the stock’s current price.
SA has been the topic of several other research reports. Zacks Research upgraded shares of Seabridge Gold to a “hold” rating in a report on Tuesday, September 1st. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. B. Riley Financial assumed coverage on shares of Seabridge Gold in a report on Monday, August 3rd. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Weiss Ratings raised shares of Seabridge Gold from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Seabridge Gold currently has an average rating of “Hold” and an average price target of $56.00.
View Our Latest Report on Seabridge Gold
Seabridge Gold Stock Up 0.8%
Institutional Trading of Seabridge Gold
Several institutional investors and hedge funds have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new stake in Seabridge Gold in the fourth quarter worth about $30,000. Banque Cantonale Vaudoise bought a new position in shares of Seabridge Gold during the 4th quarter valued at approximately $39,000. Allworth Financial LP purchased a new stake in shares of Seabridge Gold during the 2nd quarter worth approximately $39,000. Quantbot Technologies LP purchased a new stake in shares of Seabridge Gold during the 2nd quarter worth approximately $43,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Seabridge Gold in the 2nd quarter worth approximately $79,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.
About Seabridge Gold
Seabridge Gold Inc is a Canadian mineral exploration and development company focused on advancing large-scale gold and copper projects in North America. The company does not operate producing mines; its activities center on acquiring, exploring, evaluating and permitting mineral properties.
Seabridge’s principal asset is the KSM project in northwestern British Columbia, a large undeveloped gold, copper, silver and molybdenum project. The company also holds interests in the Iskut project in British Columbia, the Courageous Lake project in Canada’s Northwest Territories, and the Snowstorm project in Nevada.
Founded in 1999, Seabridge Gold is headquartered in Toronto, Canada, and its shares trade on the New York Stock Exchange under the symbol SA and on the Toronto Stock Exchange under the symbol SEA.
See Also
- Five stocks we like better than Seabridge Gold
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
- 5 Buy-and-Hold Stocks Built to Weather a Volatile Market
- Movado’s Turnaround Gains Momentum
Receive News & Ratings for Seabridge Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seabridge Gold and related companies with MarketBeat.com's FREE daily email newsletter.
