Analyst Rating Update on Seabridge Gold (SA)

Seabridge Gold (NYSE:SA) : The consensus on Seabridge Gold (NYSE:SA) based on 1 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

For the current week, the company shares have a recommendation consensus of Buy.

Seabridge Gold (NYSE:SA): On Tuesdays trading session , Opening price of the stock was $14.17 with an intraday high of $14.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.87. However, the stock managed to close at $14.12, a loss of 1.94% for the day. On the previous day, the stock had closed at $14.4. The total traded volume of the day was 919,767 shares.

Seabridge Gold Inc. (Seabridge) is a development stage company engaged in the acquisition and exploration of gold properties located in North America. The Companys objective is to provide its shareholders with leverage to a rising gold price. Seabridges principal projects include the KSM (Kerr-Sulphurets-Mitchell) property located in British Columbia and the Courageous Lake property located in the Northwest Territories. The KSM property consists of three discontinuous claim blocks, which include the KSM claim group, the Seabee/Tina claims and the KSM placer claim block. The first two claim blocks (KSM and Seabee/Tina) contain two mineral leases and 71 mineral claims, consisting of both cell and legacy claims. The total area of the first two claim blocks is 50,500 hectares. The Courageous Lake Project is a gold project and consists of 61 federal mining leases, 26 federal mining claims and one optioned federal mining lease (Red 25) having a combined area of 124,189.9 acres.

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