Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA shares reached a new 52-week high during trading on Friday . The stock traded as high as $16.70 and last traded at $16.68, with a volume of 274385 shares traded. The stock had previously closed at $16.32.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Seabridge Gold to a "sell" rating in a report on Monday, April 1st.
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Seabridge Gold Stock Performance
The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -39.64 and a beta of 1.11. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $12.85 and a 200-day moving average price of $11.86.
Institutional Trading of Seabridge Gold
Institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in Seabridge Gold by 14.4% during the first quarter. Royal Bank of Canada now owns 6,744 shares of the basic materials company's stock worth $125,000 after purchasing an additional 849 shares in the last quarter. Credit Suisse AG boosted its position in Seabridge Gold by 1.9% during the third quarter. Credit Suisse AG now owns 49,310 shares of the basic materials company's stock worth $585,000 after purchasing an additional 936 shares in the last quarter. Legal & General Group Plc boosted its position in Seabridge Gold by 10.3% during the second quarter. Legal & General Group Plc now owns 10,565 shares of the basic materials company's stock worth $131,000 after purchasing an additional 986 shares in the last quarter. IHT Wealth Management LLC boosted its position in Seabridge Gold by 5.5% during the second quarter. IHT Wealth Management LLC now owns 19,100 shares of the basic materials company's stock worth $230,000 after purchasing an additional 1,000 shares in the last quarter. Finally, CWM LLC boosted its position in Seabridge Gold by 10.5% during the fourth quarter. CWM LLC now owns 10,725 shares of the basic materials company's stock worth $130,000 after purchasing an additional 1,020 shares in the last quarter. 34.85% of the stock is currently owned by hedge funds and other institutional investors.
Seabridge Gold Company Profile
(
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Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.
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