Seabridge Gold (NYSE:SA) Stock Rating Reaffirmed by Roth Capital


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Roth Capital restated their buy rating on shares of Seabridge Gold (NYSE:SA) (TSE:SEA) in a research note published on Wednesday, PriceTargets.com reports. Roth Capital currently has a $27.00 price objective on the basic materials company’s stock, up from their previous price objective of $25.00.

SA has been the subject of several other reports. Zacks Investment Research cut Seabridge Gold from a buy rating to a hold rating in a research report on Tuesday, January 5th. B. Riley raised their target price on Seabridge Gold from $96.00 to $109.00 and gave the stock a buy rating in a research report on Monday, December 14th.

Shares of Seabridge Gold stock opened at $17.37 on Wednesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -248.14 and a beta of 0.95. Seabridge Gold has a 1 year low of $10.49 and a 1 year high of $22.86. The company’s fifty day simple moving average is $17.22 and its 200-day simple moving average is $18.93.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Tuesday, March 23rd. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.16). On average, analysts anticipate that Seabridge Gold will post -0.12 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Alyeska Investment Group L.P. bought a new position in shares of Seabridge Gold during the fourth quarter valued at $6,262,000. Eudaimonia Partners LLC bought a new position in shares of Seabridge Gold during the fourth quarter valued at $32,000. Guggenheim Capital LLC lifted its holdings in shares of Seabridge Gold by 11.2% during the fourth quarter. Guggenheim Capital LLC now owns 98,507 shares of the basic materials company’s stock valued at $2,076,000 after acquiring an additional 9,890 shares during the period. Laidlaw Wealth Management LLC bought a new position in shares of Seabridge Gold during the fourth quarter valued at $316,000. Finally, ETF Managers Group LLC lifted its holdings in shares of Seabridge Gold by 26.9% during the fourth quarter. ETF Managers Group LLC now owns 457,690 shares of the basic materials company’s stock valued at $9,750,000 after acquiring an additional 96,982 shares during the period. 22.71% of the stock is owned by institutional investors.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper and silver ores. Its principal projects are 100% owned Kerr-Sulphurets-Mitchell property located in British Columbia, Canada; and Courageous Lake property located in the Northwest Territories, Canada.

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