Wall Street analysts predict that Seabridge Gold Inc (NYSE:SA) (TSE:SEA) will announce earnings of ($0.05) per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Seabridge Gold’s earnings. Seabridge Gold reported earnings of ($0.02) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 150%. The business is expected to issue its next earnings report on Thursday, December 6th.
According to Zacks, analysts expect that Seabridge Gold will report full year earnings of ($0.27) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report earnings of ($0.21) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Seabridge Gold.
Separately, ValuEngine lowered Seabridge Gold from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd.
SA stock traded down $0.16 during mid-day trading on Friday, reaching $11.73. 374,157 shares of the company traded hands, compared to its average volume of 401,583. The firm has a market capitalization of $696.58 million, a PE ratio of -83.79 and a beta of 0.25. Seabridge Gold has a 52-week low of $9.80 and a 52-week high of $15.30.
Several institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Seabridge Gold by 5.5% in the 2nd quarter. Van ECK Associates Corp now owns 3,530,693 shares of the basic materials company’s stock worth $39,367,000 after buying an additional 183,600 shares during the last quarter. FMR LLC lifted its position in Seabridge Gold by 0.7% in the 2nd quarter. FMR LLC now owns 1,515,539 shares of the basic materials company’s stock worth $16,822,000 after buying an additional 9,800 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Seabridge Gold by 6.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,165,617 shares of the basic materials company’s stock worth $14,924,000 after buying an additional 72,365 shares during the last quarter. Toronto Dominion Bank lifted its position in Seabridge Gold by 26.2% in the 3rd quarter. Toronto Dominion Bank now owns 888,900 shares of the basic materials company’s stock worth $11,498,000 after buying an additional 184,557 shares during the last quarter. Finally, Morgan Stanley lifted its position in Seabridge Gold by 95.0% in the 3rd quarter. Morgan Stanley now owns 375,694 shares of the basic materials company’s stock worth $4,865,000 after buying an additional 183,050 shares during the last quarter. Hedge funds and other institutional investors own 26.14% of the company’s stock.
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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