Seabridge Gold (TSE:SEA) Price Target Cut to C$22.00 by Analysts at Canaccord Genuity

Seabridge Gold (TSE:SEA) (NYSE:SA) had its price target lowered by Canaccord Genuity from C$23.00 to C$22.00 in a report published on Wednesday morning, BayStreet.CA reports.

Shares of SEA traded down C$0.28 during trading hours on Wednesday, hitting C$17.33. The stock had a trading volume of 30,328 shares, compared to its average volume of 74,425. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.11 and a current ratio of 3.16. The firm has a market cap of $1.09 billion and a P/E ratio of -82.73. The company’s fifty day simple moving average is C$17.27 and its 200 day simple moving average is C$17.73. Seabridge Gold has a 12-month low of C$14.74 and a 12-month high of C$21.98.

Seabridge Gold (TSE:SEA) (NYSE:SA) last issued its earnings results on Wednesday, November 13th. The company reported C($0.04) earnings per share for the quarter, hitting the consensus estimate of C($0.04). As a group, sell-side analysts predict that Seabridge Gold will post -0.17 earnings per share for the current fiscal 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 of the company’s stock, 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.

Read More: The limitations of an equal weight rating

Receive News & Ratings for Seabridge Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seabridge Gold and related companies with's FREE daily email newsletter.