This Analyst Recently Issued Research Note On Seabridge Gold Inc. (SA)

As of Wednesday close, Seabridge Gold Inc.’s (NYSE:SA) stock was up $0.22, moving up 1.76 percent to $12.70. The average number of shares traded per day over the past five days has been 252,200 shares. 4 times new highs have been achieved over the past 5 days, with a $0.51 gain in that time frame. In the last twenty days, the average volume was 275,000, while in the previous 50 days, it was 288,474.

Since last month, SA stock rose 13.60%. Shares of the company fell to $10.03 on 11/03/22, the lowest level in the past month. A 52-week high of $22.22 was reached on 04/18/22 after having rallying from a 52-week low of $10.03. Since the beginning of this year, SA’s stock price has dropped by -22.98% or -$3.79, and marked a new high 14 times. However, the stock has declined by -42.84% since its 52-week high.

Valuation Metrics

Right now, Seabridge Gold Inc. (SA) has a P/E ratio of about 154.88. The stock’s beta is 0.88.

Financial Health

In the three months ended June 29, Seabridge Gold Inc.’s quick ratio stood at 3.50, while its current ratio was 3.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.29, and the total debt-to-equity ratio was 0.29. Based on annual data, SA earned $75000.0 in gross profit and brought in $14.96 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Seabridge Gold Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated -$2.4 million in EBITDA. The liabilities of Seabridge Gold Inc. were 253.74 million at the end of its most recent quarter ended June 29, and its total debt was $237.71 million.

Technical Picture

This quick technical analysis looks at Seabridge Gold Inc.’s (SA) price momentum. With a historical volatility rate of 28.60%, the RSI 9-day stood at 67.02% on 23 November.

With respect to its five-day moving average, the current Seabridge Gold Inc. price is up by +4.18% percent or $0.51. At present, SA shares trade +10.63% above its 20-day simple moving average and +7.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.63% above its SMA50 and -20.63% below its SMA200.

Stochastic coefficient K was 84.73% and Stochastic coefficient D was 78.29%, while ATR was 0.54. Given the Stochastic reading of 96.30% for the 14-day period, the RSI (14) reading has been calculated as 61.57%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.28.

Analyst Ratings

B. Riley FBR launched its rating on Seabridge Gold Inc. (NYSE: SA) to a Buy in a note to investors on April 30, 2019. Seabridge Gold Inc. (SA) has been rated Buy by analysts. According to 0 brokerage firms, SA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Seabridge Gold Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $46.75, the current consensus forecast for the stock is $33.49 – $60.00. Based on these forecasts, analysts predict Seabridge Gold Inc. (SA) will achieve an average price target of $46.75.

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