Seabridge Gold (TSE:SEA) PT Lowered to C$22.00

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Seabridge Gold (TSE:SEA) (NYSE:SA) had its price objective cut by research analysts at Canaccord Genuity from C$23.00 to C$22.00 in a research report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity’s target price would suggest a potential upside of 25.21% from the company’s current price.

Shares of SEA traded up C$0.48 during trading hours on Wednesday, reaching C$17.57. The stock had a trading volume of 49,723 shares, compared to its average volume of 73,489. Seabridge Gold has a 12 month low of C$14.74 and a 12 month high of C$21.98. The firm has a 50-day simple moving average of C$17.25 and a 200 day simple moving average of C$17.73. The company has a current ratio of 3.16, a quick ratio of 3.11 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of -84.07.

Seabridge Gold (TSE:SEA) (NYSE:SA) last issued its earnings results on Wednesday, November 13th. The company reported C($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.04). On average, equities analysts forecast that Seabridge Gold will post -0.17 EPS for the current year.

In related news, Director Richard Carl Kraus sold 2,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$16.42, for a total value of C$32,841.60. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately C$328,416.

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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