Seabridge Gold, Inc (SA) Stock Could Soon Reward Patient Investors

Seabridge Gold, Inc (NYSE: SA) is 17.23% higher on its value in year-to-date trading and has touched a low of $9.31 and a high of $20.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SA stock was last observed hovering at around $14.57 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $14.22, the stock is -17.74% and -17.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -2.40% at the moment leaves the stock -6.83% off its SMA200. SA registered 21.85% gain for a year compared to 6-month gain of -6.01%. The firm has a 50-day simple moving average (SMA 50) of $17.2168 and a 200-day simple moving average (SMA200) of $15.2627.

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The stock witnessed a -18.09% loss in the last 1 month and extending the period to 3 months gives it a -22.55%, and is -15.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.70% over the week and 4.35% over the month.

Seabridge Gold, Inc (SA) has around 51 employees, a market worth around $1.78B and $0.00M in sales. Distance from 52-week low is 52.74% and -30.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.93%).

The EPS is expected to grow by 64.89% this year.

Seabridge Gold, Inc (SA) Top Institutional Holders

226.0 institutions hold shares in Seabridge Gold, Inc (SA), with institutional investors hold 54.06% of the company’s shares. The shares outstanding are 86.11M, and float is at 76.51M with Short Float at 3.51%. Institutions hold 52.59% of the Float.

The top institutional shareholder in the company is NATIONAL BANK OF CANADA /FI/ with over 4.52 million shares valued at $60.23 million. The investor’s holdings represent 5.23% of the SA Shares outstanding. As of 2024-06-30, the second largest holder is VAN ECK ASSOCIATES CORP with 3.72 million shares valued at $50.9 million to account for 4.3031 of the shares outstanding. The other top investors are KOPERNIK GLOBAL INVESTORS, LLC which holds 3.25 million shares representing 3.7672% and valued at over $44.56 million, while TOROSO INVESTMENTS, LLC holds 2.5396 of the shares totaling 2.19 million with a market value of $30.04 million.