Seabridge Gold (NYSE:SA) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Seabridge Gold (NYSE:SA) (TSE:SEA) issued its earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09, Zacks reports.

Seabridge Gold Stock Performance

SA stock traded down $0.80 during midday trading on Thursday, reaching $24.56. The company had a trading volume of 827,137 shares, compared to its average volume of 541,255. The firm has a market capitalization of $2.65 billion, a PE ratio of 120.76 and a beta of 0.84. Seabridge Gold has a fifty-two week low of $23.26 and a fifty-two week high of $35.12. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $27.78 and a 200 day moving average price of $29.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Seabridge Gold from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Zacks Research raised shares of Seabridge Gold to a “hold” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada raised their target price on shares of Seabridge Gold from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, B. Riley Financial began coverage on shares of Seabridge Gold in a research note on Monday, August 3rd. They set a “buy” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.00.

About Seabridge Gold

Seabridge Gold Inc. is a Canadian mineral exploration and development company focused on acquiring and advancing gold and copper properties. Founded in 1999, the company seeks to grow its mineral reserves through exploration and project development rather than operating producing mines. Its principal asset is the 100%-owned KSM project in northwestern British Columbia, a large gold-copper development project. Seabridge also holds interests in exploration and development properties including Iskut in British Columbia, Courageous Lake in the Northwest Territories and Snowstorm in Nevada.