Brokers Set Expectations for Seabridge Gold Inc.’s FY2018 Earnings (SA)
Seabridge Gold Inc. (NYSE:SA) – National Bank Financial issued their FY2018 earnings per share (EPS) estimates for Seabridge Gold in a report released on Monday. National Bank Financial analyst R. Ray anticipates that the brokerage will post earnings of ($0.14) per share for the year. National Bank Financial also issued estimates for Seabridge Gold’s FY2019 earnings at ($0.15) EPS.
Separately, Zacks Investment Research downgraded shares of Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Thursday.
Seabridge Gold (NYSE:SA) traded down 0.75% during mid-day trading on Tuesday, reaching $10.64. 517,937 shares of the company’s stock were exchanged. Seabridge Gold has a 12 month low of $5.46 and a 12 month high of $15.88. The stock has a 50-day moving average of $11.09 and a 200-day moving average of $12.82. The firm’s market cap is $576.03 million.
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A number of institutional investors have recently modified their holdings of SA. Advisor Group Inc. bought a new position in shares of Seabridge Gold during the second quarter valued at approximately $101,000. Advisory Services Network LLC increased its position in Seabridge Gold by 215.7% in the third quarter. Advisory Services Network LLC now owns 12,903 shares of the company’s stock valued at $142,000 after buying an additional 8,816 shares during the last quarter. IFP Advisors Inc increased its position in Seabridge Gold by 13.1% in the second quarter. IFP Advisors Inc now owns 10,179 shares of the company’s stock valued at $149,000 after buying an additional 1,179 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in Seabridge Gold by 31.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,361 shares of the company’s stock valued at $211,000 after buying an additional 3,476 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Seabridge Gold during the second quarter valued at about $228,000. 24.31% of the stock is owned by institutional investors and hedge funds.
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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