Seabridge Gold Stock Dips 1.03 Percent on KSM Regulatory Uncertainty
Seabridge Gold Inc. (ISIN: CA8119271028, ticker: SA) saw its stock decline by 1.03% on October 2, 2026, closing at USD 26.97 after opening at USD 27.25. The drop came as the regulatory review for the company's KSM project in British Columbia continued, adding uncertainty to the stock's performance.
The company's market capitalization stood at USD 2.9 billion with a trading volume of 600,654 shares. The stock's price fluctuated between USD 26.66 and USD 27.89 during the session, remaining significantly below its 52-week high of USD 40.06 but above the 52-week low of USD 21.67.
The KSM project's environmental review process remains a key focus, with British Columbia's Environmental Assessment Office updating Seabridge on the reconsideration of its Substantially Started Designation. This follows a court ruling on June 8, 2026, which required an additional 90-day consultation period.
Analysts have mixed views on Seabridge Gold, with four covering the stock: two Buy ratings, one Hold, and one Sell. The average price target is USD 56.00, reflecting a 107.64% upside from the October 2 closing price. Notably, Royal Bank of Canada raised its target to USD 72.00 on September 16, 2026, maintaining an Outperform rating.