FY2016 EPS Estimates for Seabridge Gold Inc. Reduced by National Bank Financial (SA)
Seabridge Gold Inc. (NYSE:SA) – Analysts at National Bank Financial reduced their FY2016 earnings estimates for Seabridge Gold in a research note issued to investors on Monday. National Bank Financial analyst R. Ray now expects that the brokerage will earn ($0.13) per share for the year, down from their prior estimate of ($0.10). National Bank Financial also issued estimates for Seabridge Gold’s FY2017 earnings at ($0.13) EPS.
Seabridge Gold (NYSE:SA) traded up 1.91% during mid-day trading on Wednesday, reaching $10.68. The company had a trading volume of 227,972 shares. The firm’s 50-day moving average is $11.13 and its 200-day moving average is $12.84. Seabridge Gold has a one year low of $5.46 and a one year high of $15.88. The firm’s market capitalization is $578.19 million.
Several institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Seabridge Gold by 23.1% in the second quarter. Van ECK Associates Corp now owns 3,707,254 shares of the company’s stock worth $54,422,000 after buying an additional 694,595 shares in the last quarter. FMR LLC raised its position in Seabridge Gold by 11.8% in the second quarter. FMR LLC now owns 954,307 shares of the company’s stock worth $14,009,000 after buying an additional 101,100 shares in the last quarter. Global X Management Co. LLC raised its position in Seabridge Gold by 22.4% in the second quarter. Global X Management Co. LLC now owns 300,978 shares of the company’s stock worth $4,418,000 after buying an additional 55,132 shares in the last quarter. Weiss Asset Management LP raised its position in Seabridge Gold by 398.8% in the second quarter. Weiss Asset Management LP now owns 300,000 shares of the company’s stock worth $4,403,000 after buying an additional 239,851 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Seabridge Gold by 602.8% in the second quarter. Jane Street Group LLC now owns 286,273 shares of the company’s stock worth $4,203,000 after buying an additional 245,540 shares in the last quarter. 24.31% of the stock is currently owned by institutional investors.
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About Seabridge Gold
Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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