The stock of Seabridge Gold, Inc. (NYSE: SA) has increased by 1.20 when compared to last closing price of 17.55. Despite this, the company has experienced a 3.26% gain in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-09-25 that Toronto, Ontario–(Newsfile Corp. – September 25, 2024) – Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that B.C. government renewed the License of Occupation (“LoO”) for the Mitchell Treaty Tunnels (“MTT”) at Seabridge’s KSM Project until September 27, 2044.
Is It Worth Investing in Seabridge Gold, Inc. (NYSE: SA) Right Now?
Seabridge Gold, Inc. (NYSE: SA) has a higher price-to-earnings ratio of 261.56x compared to its average ratio, The 36-month beta value for SA is at 1.14. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SA is 75.26M, and currently, shorts hold a 3.88% of that float. The average trading volume for SA on September 27, 2024 was 447.52K shares.
SA’s Market Performance
SA’s stock has seen a 3.26% increase for the week, with a -2.63% drop in the past month and a 28.79% gain in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are at 2.94% for Seabridge Gold, Inc. The simple moving average for the last 20 days is 3.96% for SA stock, with a simple moving average of 25.21% for the last 200 days.
Analysts’ Opinion of SA
Many brokerage firms have already submitted their reports for SA stocks, with RBC Capital Mkts repeating the rating for SA by listing it as a “Outperform.” The predicted price for SA in the upcoming period, according to RBC Capital Mkts is $25 based on the research report published on September 18, 2023 of the previous year 2023.
B. Riley FBR, on the other hand, stated in their research note that they expect to see SA reach a price target of $22. The rating they have provided for SA stocks is “Buy” according to the report published on April 30th, 2019.
Singular Research gave a rating of “Buy” to SA, setting the target price at $14 in the report published on August 19th of the previous year.
SA Trading at 6.81% from the 50-Day Moving Average
After a stumble in the market that brought SA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.48% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +0.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.01% upper at present.
During the last 5 trading sessions, SA rose by +3.26%, which changed the moving average for the period of 200-days by +54.03% in comparison to the 20-day moving average, which settled at $17.09. In addition, Seabridge Gold, Inc. saw 46.41% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SA
The total capital return value is set at -0.0. Equity return is now at value 1.13, with 0.67 for asset returns.
Based on Seabridge Gold, Inc. (SA), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is -1.4.
Currently, EBITDA for the company is -17.31 million with net debt to EBITDA at -147.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
In conclusion, Seabridge Gold, Inc. (SA) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
