Zacks Downgrades Seabridge Gold to Neutral (SA)
Seabridge Gold (NYSE:SA) was downgraded by Zacks to a “neutral” rating in a report issued on Tuesday. They currently have a $9.70 price objective on the stock. Zacks‘s price target would indicate a potential upside of 5.32% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial initiated coverage on shares of Seabridge Gold in a research note on Friday. They set an “outperform” rating on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Seabridge Gold in a research note on Thursday, May 22nd. They set a “buy” rating on the stock.
Shares of Seabridge Gold (NYSE:SA) traded up 2.92% on Tuesday, hitting $9.4792. 471,029 shares of the company’s stock traded hands. Seabridge Gold has a 1-year low of $6.65 and a 1-year high of $17.24. The stock’s 50-day moving average is $8.98 and its 200-day moving average is $8.30. The company’s market cap is $446.3 million.
Seabridge Gold Inc acquires projects in North America with gold resources, expands and verifies these resources through further exploration, undertakes the engineering work required to move these resources to reserves and determines their economic value.
To view Zacks’ full report, visit Zacks’ official website.
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