Seabridge Gold, Inc (NYSE: SA) is -2.19% lower on its value in year-to-date trading and has touched a low of $9.40 and a high of $20.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SA stock was last observed hovering at around $10.71 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $11.16, the stock is -2.12% and -4.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 4.20% at the moment leaves the stock -22.49% off its SMA200. SA registered -30.64% loss for a year compared to 6-month loss of -33.13%. The firm has a 50-day simple moving average (SMA 50) of $11.6398 and a 200-day simple moving average (SMA200) of $14.39795.
The stock witnessed a -0.80% gain in the last 1 month and extending the period to 3 months gives it a -6.38%, and is 0.72% up 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 9.12% over the week and 5.51% over the month.
Distance from 52-week low is 18.72% and -45.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.28%).
The EPS is expected to shrink by -242.86% this year, but quarterly earnings will post 0.00% year-over-year.
241.0 institutions hold shares in Seabridge Gold, Inc (SA), with institutional investors hold 66.61% of the company’s shares. The shares outstanding are 91.91M, and float is at 81.13M with Short Float at 4.11%. Institutions hold 64.76% 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 5.1394 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 4.2287 of the shares outstanding. The other top investors are KOPERNIK GLOBAL INVESTORS, LLC which holds 3.25 million shares representing 3.702 and valued at over $44.56 million, while TOROSO INVESTMENTS, LLC holds 2.4956 of the shares totaling 2.19 million with a market value of $30.04 million.
