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

Seabridge Gold (TSE:SEA) (NYSE:SA) had its target price hoisted by Canaccord Genuity from C$28.50 to C$29.00 in a report published on Friday morning, BayStreet.CA reports.

Separately, B. Riley reaffirmed a buy rating on shares of Seabridge Gold in a report on Tuesday, April 30th.

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

Seabridge Gold (TSE:SEA) (NYSE:SA) last posted its quarterly earnings results on Monday, May 13th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.02). As a group, sell-side analysts expect that Seabridge Gold will post -0.17 earnings per share for the current year.

In other news, Director Rudi P. Fronk sold 75,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of C$18.52, for a total value of C$1,388,970.00. Following the completion of the transaction, the director now directly owns 970,000 shares of the company’s stock, valued at approximately C$17,964,012. Also, Director John William Sabine sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$15.15, for a total value of C$378,635.00. Following the completion of the transaction, the director now directly owns 5,050 shares of the company’s stock, valued at C$76,484.27. In the last ninety days, insiders sold 168,389 shares of company stock valued at $2,856,876.

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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