Seabridge Gold Inc. (SA) to Post FY2016 Earnings of ($0.13) Per Share, National Bank Financial Forecasts
Seabridge Gold Inc. (NYSE:SA) – Equities research analysts at National Bank Financial cut their FY2016 earnings per share (EPS) estimates for Seabridge Gold in a note issued to investors on Monday. National Bank Financial analyst R. Ray now anticipates that the brokerage will earn ($0.13) per share for the year, down from their previous estimate of ($0.10). National Bank Financial also issued estimates for Seabridge Gold’s FY2017 earnings at ($0.13) EPS.
Separately, Zacks Investment Research lowered shares of Seabridge Gold from a “hold” rating to a “sell” rating in a research report on Thursday.
Shares of Seabridge Gold (NYSE:SA) opened at 10.72 on Wednesday. Seabridge Gold has a 52 week low of $5.46 and a 52 week high of $15.88. The company has a 50-day moving average of $11.09 and a 200-day moving average of $12.82. The stock’s market capitalization is $580.36 million.
Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Seabridge Gold by 62.5% in the first quarter. Renaissance Technologies LLC now owns 154,800 shares of the company’s stock valued at $1,696,000 after buying an additional 59,560 shares during the last quarter. Royal Bank of Canada raised its stake in Seabridge Gold by 35.3% in the first quarter. Royal Bank of Canada now owns 22,768 shares of the company’s stock valued at $250,000 after buying an additional 5,934 shares during the last quarter. GWM Advisors LLC acquired a new stake in Seabridge Gold during the second quarter valued at approximately $362,000. Fox Run Management L.L.C. raised its stake in Seabridge Gold by 82.5% in the second quarter. Fox Run Management L.L.C. now owns 21,900 shares of the company’s stock valued at $321,000 after buying an additional 9,900 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Seabridge Gold during the second quarter valued at approximately $3,760,000. 24.31% of the stock is owned by hedge funds and other institutional investors.
About Seabridge Gold
Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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