Seabridge Gold (NYSE:SA) Price Target Raised to $60.00 at B. Riley

Seabridge Gold (NYSE:SAGet Rating) (TSE:SEA) had its price target hoisted by B. Riley from $57.00 to $60.00 in a report published on Monday morning, The Fly reports. B. Riley also issued estimates for Seabridge Gold’s Q4 2022 earnings at ($0.02) EPS, FY2022 earnings at $0.14 EPS, Q1 2023 earnings at ($0.02) EPS, Q2 2023 earnings at ($0.02) EPS, Q3 2023 earnings at ($0.02) EPS, Q4 2023 earnings at ($0.02) EPS and FY2023 earnings at ($0.09) EPS.

Separately, StockNews.com assumed coverage on shares of Seabridge Gold in a report on Wednesday, October 12th. They set a sell rating for the company.

Seabridge Gold Stock Performance

Shares of SA opened at $12.70 on Monday. Seabridge Gold has a 12 month low of $10.03 and a 12 month high of $22.22. The firm has a fifty day simple moving average of $11.71 and a 200 day simple moving average of $12.78. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 141.13 and a beta of 0.84. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.29.

Institutional Trading of Seabridge Gold

A number of large investors have recently added to or reduced their stakes in SA. Steward Partners Investment Advisory LLC lifted its stake in Seabridge Gold by 100.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,000 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,000 shares during the last quarter. US Bancorp DE raised its position in shares of Seabridge Gold by 897.0% in the third quarter. US Bancorp DE now owns 3,310 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,978 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Seabridge Gold by 203.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,234 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Seabridge Gold by 64.0% in the first quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 1,497 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Seabridge Gold by 36.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,343 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 1,961 shares during the period. Institutional investors and hedge funds own 28.65% of the company’s stock.

Seabridge Gold Company Profile

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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, silver, molybdenum, and rhenium deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project located in the Nevada; and 3 Aces project located in the Yukon Territory.

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