The biggest gainers of the session on the Wall Street include Seabridge Gold Inc. (NYSE:SA), which rose 0.33 points or 2.52% to trade at $13.4 as last check. The stock closed last session at $13.07 and sets an active trading volume day with a reported 149140 contracts so far this session. SA shares had a relatively better volume day versus average trading capacity of 325.86 thousand shares, but with a 50.84 million float and a -5.01% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SA stock indicates that the average analyst price target is $20.45 per share. This means the stock has a potential increase of 52.61% from where the SA share price has been trading recently.
During the recent trading session for Seabridge Gold Inc. (NYSE:SA), the company witnessed their stock rise $0.57 over a week and surge $0.66 from the price 20 days ago. When compared to their established 52-week high of $16.55, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 04/09/19. The recent low of $10.95 stood for a -19.03% since 02/05/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of -0.02 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Seabridge Gold Inc., the two-week RSI stands at 53.98. This figure suggests that SA stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SA readings is similarly very revealing as it has a stochastic reading of 36.4% at this stage. This figure means that SA share price today is being neutral.
Technical chart claims that Seabridge Gold Inc. (SA) would settle between $13.25/share to $13.44/share level. However, if the stock price goes below the $12.75 mark, then the market for Seabridge Gold Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $12.44 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.09. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at B. Riley FBR, assumed coverage of SA assigning Buy rating, according to their opinion released on April 30. Singular Research analysts again handed out a Buy recommendation to Seabridge Gold Inc. (NYSE:SA) stock but they lifted target price for the shares in a flash note issued to investors on August 19. The target price has been raised from $10.15 to $14.
SA equity has an average rating of 1.91, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Seabridge Gold Inc. (NYSE:SA) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SA stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 53.4. Seabridge Gold Inc. current P/B ratio of 2.6 means it is trading at a premium against its industry’s 2.