SA FORCAST TODAY
9/5/2024 08:53pm
Seabridge Gold (SA) is forecasted to have a positive performance in the near term, with analysts setting a high price target of $30.00, which represents a significant upside from the current price. Here's a detailed analysis:
1. **Analyst Ratings and Price Targets**:
- The average price target for SA is $30.00, with a high forecast of $30.00 and a low forecast of $30.00.
- This represents a 64.47% change from the last price of $18.24.
- The highest price target among analysts is also $30.00.
2. **Analyst Performance and Recommendations**:
- RBC Capital has consistently provided strong performance ratings, with a success rate of 100% for 1-year and 2-year holding periods, generating profits of 44.30% on average.
- In the current month, SA has received 4 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings.
3. **Financial Forecast**:
- The next quarter's earnings estimate for SA is -$0.03 with a range of -$0.03 to -$0.03.
- SA has beaten its EPS estimate 25.00% of the time in the past 12 months.
4. **Market Trends and Insights**:
- The stock is expected to rise 25.70% during the next 3 months, with a 90% probability of holding a price between $20.13 and $30.00.
- The average price target represents a 97.50% increase from the current price of C$20.74.
In conclusion, Seabridge Gold (SA) is forecasted to experience a significant price increase, with a strong buy consensus among analysts. The stock's potential rise aligns with positive earnings estimates and a strong performance track record of the analysts who cover the stock.