10 Most Oversold Canadian Stocks to Buy According to Analysts

3. Seabridge Gold Inc. (NYSE:SA)

6-Month Performance: -34.53%

Number of Hedge Fund Holders: 20

Analyst Upside Potential: 186.32%

Seabridge Gold Inc. (NYSE:SA) is a Canadian company focused on acquiring, exploring, and advancing mineral properties, primarily gold resources, in North America. The company holds a 100% interest in several significant North American gold projects including the KSM Project, Iskut Project, Courageous Lake Project, and more.

In Q3 2024, the KSM project was declared “Substantially Started” by British Columbia, ensuring that its Environmental Assessment Certificate remains valid indefinitely. This status is crucial for maintaining regulatory compliance and stability for future development. Moreover, the company also secured a 20-year extension for its Mitchell Treaty Tunnels License of Occupation, reinforcing its long-term development rights.

Its construction activities at KSM are progressing as planned, supported by a cash position of approximately $150 million. Seabridge Gold Inc. (NYSE:SA) has updated the resources at KSM’s Iron Cap and Kerr deposits, adding 5.9 million ounces of gold, 3.3 billion pounds of copper, and 55.4 million ounces of silver. These updates enhance the project’s long-term potential and the company’s overall prospects. Analysts expect more than 186% upside for the company, making it one of the most oversold Canadian stocks to buy according to analysts.