B. Riley Securities Sticks to Their Buy Rating for Seabridge Gold (SA)

In a report released yesterday, Nick Giles from B. Riley Securities maintained a Buy rating on Seabridge Gold, with a price target of $65.00. The company’s shares closed yesterday at C$39.46.

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Giles covers the Basic Materials sector, focusing on stocks such as Perpetua Resources, Alcoa, and Century Aluminum. According to TipRanks, Giles has an average return of 21.0% and a 51.58% success rate on recommended stocks.

Seabridge Gold has an analyst consensus of Moderate Buy, with a price target consensus of $52.50.

Based on Seabridge Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$32.27 million. In comparison, last year the company had a GAAP net loss of C$27.55 million

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SA in relation to earlier this year.