Seabridge Gold (NYSE:SA) Shares Gap Down to $15.32

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA gapped down before the market opened on Monday . The stock had previously closed at $15.32, but opened at $14.77. Seabridge Gold shares last traded at $14.72, with a volume of 163,693 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Seabridge Gold to a "sell" rating in a report on Monday, April 1st.

Seabridge Gold Trading Down 6.1 %

The stock has a fifty day moving average of $13.54 and a 200 day moving average of $12.12. The company has a market capitalization of $1.25 billion, a P/E ratio of -36.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.38 and a current ratio of 2.38.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last announced its earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). As a group, equities research analysts anticipate that Seabridge Gold Inc. will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Seabridge Gold

A number of institutional investors and hedge funds have recently bought and sold shares of SA. Raymond James & Associates grew its position in shares of Seabridge Gold by 21.6% during the fourth quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company's stock valued at $9,777,000 after purchasing an additional 143,321 shares in the last quarter. Sprott Inc. grew its position in shares of Seabridge Gold by 8.0% during the third quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company's stock valued at $18,457,000 after purchasing an additional 128,323 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of Seabridge Gold by 97.9% during the third quarter. Ontario Teachers Pension Plan Board now owns 354,097 shares of the basic materials company's stock valued at $3,723,000 after purchasing an additional 175,161 shares in the last quarter. Swiss National Bank grew its position in shares of Seabridge Gold by 2.0% during the third quarter. Swiss National Bank now owns 155,400 shares of the basic materials company's stock valued at $1,648,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Seabridge Gold by 308.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 13,440 shares of the basic materials company's stock valued at $163,000 after purchasing an additional 10,150 shares in the last quarter. 34.85% of the stock is owned by institutional investors.

About Seabridge Gold

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.