Wall Street analysts predict that Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) will post earnings of ($0.05) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Seabridge Gold’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.04). Seabridge Gold posted earnings of ($0.04) per share during the same quarter last year, which suggests a negative year over year growth rate of 25%. The business is expected to report its next quarterly earnings results on Tuesday, August 10th.
According to Zacks, analysts expect that Seabridge Gold will report full year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.15). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.22) per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Seabridge Gold.
Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly 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).
Several research firms have recently weighed in on SA. Roth Capital boosted their price objective on shares of Seabridge Gold from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, April 13th. Zacks Investment Research upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, May 18th.
Several institutional investors have recently added to or reduced their stakes in SA. Marshall Wace LLP increased its stake in shares of Seabridge Gold by 42,300.0% during the 1st quarter. Marshall Wace LLP now owns 9,328 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 9,306 shares during the last quarter. FMR LLC grew its stake in Seabridge Gold by 10.5% in the 1st quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock valued at $15,266,000 after buying an additional 116,420 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Seabridge Gold by 136.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,693 shares of the basic materials company’s stock valued at $162,000 after buying an additional 4,442 shares during the last quarter. CIBC Asset Management Inc grew its stake in Seabridge Gold by 26.3% in the 4th quarter. CIBC Asset Management Inc now owns 87,322 shares of the basic materials company’s stock valued at $1,833,000 after buying an additional 18,185 shares during the last quarter. Finally, Swiss National Bank grew its stake in Seabridge Gold by 2.1% in the 4th quarter. Swiss National Bank now owns 122,000 shares of the basic materials company’s stock valued at $2,568,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 29.19% of the company’s stock.
Shares of NYSE:SA opened at $19.74 on Friday. The business’s 50-day simple moving average is $18.16. Seabridge Gold has a one year low of $14.86 and a one year high of $22.86. The company has a market cap of $1.49 billion, a PE ratio of -109.66 and a beta of 0.83.
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, silver, rhenium, and molybdenum ores. Its principal projects are 100% owned 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 Getchell Gold Belt of Northern Nevada; and 3 Aces project located in the Yukon Territory.
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