Canaccord Genuity Believes Seabridge Gold (SEA) Still Has Room to Grow
Seabridge Gold (TSX: SEA), the Materials sector company was revisited on October 10, and remains undervalued for at least one analyst on the street. On October 10, analyst Dalton Baretto gave a Buy rating to SEA and set a C$26 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 5.3% and a 43.9% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seabridge Gold with a C$26 average price target.
Seabridge Gold’s market cap is currently C$1.09B and has a P/E ratio of 0. The company has a Price to Book ratio of 2.96.
Seabridge Gold Inc. is a development stage company, which engages in the acquisition and exploration of gold properties located in North America. Its projects include the Courageous Lake property located in the Northwest Territories, and the Kerr-Sulphurets-Mitchell property located in British Columbia. The company was founded by James S. Anthony and Rudi P.
The company’s shares closed on Friday at C$18.75, close to its 52-week high of C$18.86.