Seabridge Gold Inc (SA) Expected to Post Earnings of -$0.03 Per Share

Wall Street analysts expect Seabridge Gold Inc (NYSE:SA) (TSE:SEA) to report earnings per share (EPS) of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Seabridge Gold’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.01). Seabridge Gold also reported earnings of ($0.03) per share in the same quarter last year. The firm is expected to report its next earnings results on Thursday, August 8th.

On average, analysts expect that Seabridge Gold will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.05). For the next fiscal year, analysts forecast that the company will post earnings of ($0.05) per share. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Seabridge Gold.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02).

Several research firms have issued reports on SA. Zacks Investment Research lowered Seabridge Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. ValuEngine upgraded Seabridge Gold from a “hold” rating to a “buy” rating in a research note on Monday. Finally, B. Riley began coverage on Seabridge Gold in a research note on Tuesday, April 30th. They issued a “buy” rating and a $22.00 target price on the stock.

Hedge funds have recently made changes to their positions in the company. Liberty Wealth Management LLC acquired a new position in shares of Seabridge Gold during the 4th quarter worth approximately $36,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Seabridge Gold during the fourth quarter worth approximately $52,000. Marshall Wace LLP increased its position in shares of Seabridge Gold by 42,300.0% during the first quarter. Marshall Wace LLP now owns 9,328 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 9,306 shares in the last quarter. Global Strategic Management Inc. purchased a new stake in shares of Seabridge Gold during the first quarter worth approximately $124,000. Finally, Good Life Advisors LLC purchased a new stake in shares of Seabridge Gold during the first quarter worth approximately $142,000. 23.14% of the stock is owned by institutional investors and hedge funds.

SA traded up $0.03 on Friday, hitting $12.25. The company had a trading volume of 5,956 shares, compared to its average volume of 279,296. Seabridge Gold has a 12-month low of $10.40 and a 12-month high of $15.30. The firm has a market capitalization of $760.39 million, a PE ratio of -47.00 and a beta of 0.09.

Seabridge Gold Company Profile

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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