Seabridge Gold, Inc (NYSE: SA)’s stock price has dropped by -1.95 in relation to previous closing price of 11.81. Nevertheless, the company has seen a loss of -15.47% in its stock price over the last five trading days. newsfilecorp.com reported 2024-12-02 that Toronto, Ontario–(Newsfile Corp. – December 2, 2024) – Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (“Seabridge” or the “Company”) announced today that a second and new Petition has been filed in the British Columbia Supreme Court against the Minister of Environment and Climate Change Strategy of British Columbia (the “Minister”) and against Seabridge’s wholly-owned subsidiary, KSM Mining ULC (“KSMCo”), seeking judicial review of the determination (the “SS Determination”), on July 25, 2024, by the Minister that Seabridge’s KSM Project has been “substantially started”. The SS Determination resulted in the KSM Project Environmental Assessment Certificate (“EAC”) no longer being subject to expiry on July 29, 2026.
Is It Worth Investing in Seabridge Gold, Inc (NYSE: SA) Right Now?
SA has 36-month beta value of 1.10. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SA is 76.75M, and currently, short sellers hold a 3.83% ratio of that float. The average trading volume of SA on December 19, 2024 was 551.77K shares.
SA’s Market Performance
SA stock saw a decrease of -15.47% in the past week, with a monthly decline of -22.33% and a quarterly a decrease of -33.60%. The volatility ratio for the week is 3.67%, and the volatility levels for the last 30 days are 3.30% for Seabridge Gold, Inc (SA). The simple moving average for the past 20 days is -15.65% for SA’s stock, with a -25.68% simple moving average for the past 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 -26.42% 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 -43.65% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares sank -21.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.06% lower at present.
During the last 5 trading sessions, SA fell by -15.26%, which changed the moving average for the period of 200-days by -10.69% in comparison to the 20-day moving average, which settled at $13.73. In addition, Seabridge Gold, Inc saw -4.53% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SA
The total capital return value is set at -0.01. Equity return is now at value -1.59, with -0.92 for asset returns.
Based on Seabridge Gold, Inc (SA), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is -3.44.
Currently, EBITDA for the company is -17.06 million with net debt to EBITDA at -34.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
Conclusion
To put it simply, Seabridge Gold, Inc (SA) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
