Seabridge Gold Trading 7.2% Higher Following Analyst Upgrade (SA)
Seabridge Gold (NYSE:SA)’s share price rose 7.2% on Wednesday after Singular Research raised their price target on the stock from $10.15 to $14.00, Analyst RN reports. Singular Research currently has a buy rating on the stock. Seabridge Gold traded as high as $11.57 and last traded at $11.52, with a volume of 605,798 shares changing hands. The stock had previously closed at $10.75.
SA has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Seabridge Gold to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $9.70 price target on the stock. Separately, analysts at National Bank Financial initiated coverage on shares of Seabridge Gold in a research note on Friday, August 1st. They set an “outperform” rating on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $24.42.
The stock’s 50-day moving average is $9.30 and its 200-day moving average is $8.46. The company’s market cap is $541.9 million.
Seabridge Gold Inc (NYSE:SA) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America Its resource base includes gold, copper and silver.
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