National Bank Financial Initiates Coverage on Seabridge Gold (SEA)
Equities research analysts at National Bank Financial assumed coverage on shares of Seabridge Gold (TSE:SEA) in a research note issued to investors on Friday. The firm set an “outperform” rating and a C$15.00 price target on the stock. National Bank Financial’s target price indicates a potential upside of 46.91% from the stock’s previous close.
Shares of Seabridge Gold (TSE:SEA) traded down 0.20% during mid-day trading on Friday, hitting $10.19. The stock had a trading volume of 72,258 shares. Seabridge Gold has a 1-year low of $7.09 and a 1-year high of $18.11. The stock’s 50-day moving average is $9.65 and its 200-day moving average is $9.08. The company’s market cap is $479.8 million.
SEA has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Seabridge Gold in a research note on Thursday. They now have a C$18.50 price target on the stock, up previously from C$13.50.
Seabridge Gold Inc (TSE:SEA) is a development-stage company.
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