Brokerage Firm Rating Update on Seabridge Gold (SA)

Seabridge Gold (SA) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Seabridge Gold (SA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 1 Wall Street Analysts endorse the stock as a Hold with a rating of 3.


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

Seabridge Gold (NYSE:SA): The stock opened at $12.3 and touched an intraday high of $12.47 on Wednesday. During the day, the stock corrected to an intraday low of $11.835, however, the bulls stepped in and pushed the price higher to close in the green at $12.45 with a gain of 1.22% for the day. The total traded volume for the day was 710,194. The stock had closed at $12.3 in the previous trading session.

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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