Canaccord Genuity Increases Seabridge Gold (TSE:SEA) Price Target to C$29.00

Seabridge Gold (TSE:SEA) (NYSE:SA) had its price target lifted by equities research analysts at Canaccord Genuity from C$28.50 to C$29.00 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity’s price target suggests a potential upside of 55.66% from the company’s previous close.

Separately, B. Riley reiterated a “buy” rating on shares of Seabridge Gold in a research note on Tuesday, April 30th.

Shares of Seabridge Gold stock opened at C$18.63 on Friday. Seabridge Gold has a 12-month low of C$13.65 and a 12-month high of C$20.10. The company has a market cap of $1.15 billion and a PE ratio of -79.96. The company has a current ratio of 3.75, a quick ratio of 3.67 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is C$17.26.

Seabridge Gold (TSE:SEA) (NYSE:SA) last announced its quarterly earnings data on Monday, May 13th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.02). Analysts forecast that Seabridge Gold will post -0.17 earnings per share for the current fiscal year.

In related news, insider Gloria M. Trujillo sold 7,489 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$16.61, for a total value of C$124,392.29. Following the sale, the insider now owns 27,978 shares in the company, valued at approximately C$464,714.58. Also, Director John William Sabine sold 25,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of C$15.15, for a total value of C$378,635.00. Following the completion of the sale, the director now owns 5,050 shares in the company, valued at approximately C$76,484.27. In the last 90 days, insiders sold 93,389 shares of company stock worth $1,467,906.

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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