Brokerages forecast that Seabridge Gold Inc (NYSE:SA) (TSE:SEA) will report earnings per share of ($0.05) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Seabridge Gold’s earnings. Seabridge Gold posted earnings of ($0.02) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 150%. The business is scheduled to announce its next earnings results on Thursday, November 8th.
On average, analysts expect that Seabridge Gold will report full year earnings of ($0.27) per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of ($0.21) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Seabridge Gold.
Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Thursday, August 9th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Roth Capital reiterated a “buy” rating on shares of Seabridge Gold in a report on Friday, July 13th.
A number of large investors have recently modified their holdings of SA. BlackRock Inc. lifted its stake in Seabridge Gold by 2.9% during the 1st quarter. BlackRock Inc. now owns 197,887 shares of the basic materials company’s stock valued at $2,137,000 after acquiring an additional 5,509 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Seabridge Gold during the 1st quarter valued at $335,000. Millennium Management LLC bought a new position in Seabridge Gold during the 1st quarter valued at $613,000. Royal Bank of Canada lifted its stake in Seabridge Gold by 87.2% during the 1st quarter. Royal Bank of Canada now owns 13,468 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 6,275 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Seabridge Gold by 36.4% during the 2nd quarter. Confluence Investment Management LLC now owns 22,042 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 5,887 shares in the last quarter. Institutional investors and hedge funds own 25.32% of the company’s stock.
Shares of SA opened at $12.57 on Wednesday. Seabridge Gold has a 12-month low of $9.80 and a 12-month high of $15.30. The firm has a market capitalization of $726.29 million, a P/E ratio of -89.79 and a beta of 0.16.
About Seabridge Gold
Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.
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