Wall Street Stock Recommendations: Seabridge Gold Inc. (SA), Summit Materials, Inc. (SUM)

Seabridge Gold Inc. (NYSE:SA) was more active in the last trading session as around 0.68 million shares exchanged hands on Wall Street, representing an increase from its normal capacity of 405.59 million shares. A 4.07% change after the initial price of $12.2, sent the closing price to $12.8.

Seabridge Gold Inc. (SA) Analyst Opinion

Seabridge Gold Inc. has a consensus outperform rating from 5 Wall Street analysts, and the number of shares currently sold short amount to at least 21.52% of shares outstanding. The stock spiked 1.59% last month and is up 57.06 this year. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover SA having a buy-equivalent rating. Analysts have placed a $0 price target on Seabridge Gold Inc., suggesting a -100% decline from recent close. It’s currently trading about -0.78% below its 52-week high.

Seabridge Gold Inc. (NYSE:SA) Intraday View

This stock (SA) is ahead of its 52-week low with 74.15%. Its last month’s stock price volatility remained 4.41% which for the week stands at 3.82%. The share price has moved forward from its 20 days moving average, trading at a distance of 7.05% and stays 8.76% away from its 50 days moving average. Over the last five days, shares have managed 4.92% gains and now is up 18.68% since hitting its 200-day moving average of $11.21. Seabridge Gold Inc. (SA) has made its way to a 12-month gain of 26.11%.

Turning to Summit Materials, Inc. (NYSE:SUM), its shares were trading at $31.29 a retreat of $-1.36, on the trading floor. The stock, after opening at $32.19, touched a high of $32.38 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.6. Summit Materials, Inc. has 8 buy ratings, 2 holds and 0 sells even after the stock tumbled -4.28% from its high of $32.69 to a $3.46 billion market value through last close.

Summit Materials, Inc. (SUM) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.54 to 1.54 during a month. Analysts set a 12-month price target of $34.22 a share. The target implies a 9.36% spike from where the shares are currently trading. Also, the current price highlights a discount of 18.25% to analysts’ high consensus price target.

Summit Materials, Inc. (NYSE:SUM) Intraday Trading

The counter witnessed a trading volume of 3.33 million shares versus an average volume of 1.24 million shares during last trading session. Its last month’s stock price volatility remained 2.03% which for the week approaches 2.11%. The lowest price the stock reached in the last trading day was $31.28 and compares with the $18.05 52-week low. The stock recovered 75.43% since its low point and has performed 31.53% year-to-date.

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