Traders Buy High Volume of Call Options on Seabridge Gold (NYSE:SA)

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA saw unusually large options trading activity on Thursday. Stock investors acquired 4,832 call options on the company. This is an increase of 145% compared to the typical daily volume of 1,971 call options.

Institutional Trading of Seabridge Gold

Large investors have recently modified their holdings of the company. Harbour Investments Inc. increased its stake in Seabridge Gold by 360.1% during the 3rd quarter. Harbour Investments Inc. now owns 2,926 shares of the basic materials company's stock valued at $31,000 after buying an additional 2,290 shares during the period. Tower Research Capital LLC TRC increased its stake in Seabridge Gold by 203.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the basic materials company's stock valued at $40,000 after buying an additional 2,234 shares during the period. Chilton Capital Management LLC acquired a new position in Seabridge Gold during the 1st quarter valued at about $44,000. Creekmur Asset Management LLC acquired a new position in Seabridge Gold during the 4th quarter valued at about $50,000. Finally, Deutsche Bank AG acquired a new position in Seabridge Gold during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 34.85% of the company's stock.

Seabridge Gold Stock Performance

Shares of SA stock traded up $0.29 during trading hours on Thursday, reaching $16.31. The stock had a trading volume of 523,803 shares, compared to its average volume of 536,970. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.38 and a quick ratio of 2.38. Seabridge Gold has a twelve month low of $9.31 and a twelve month high of $16.70. The firm has a 50-day simple moving average of $12.85 and a 200-day simple moving average of $11.86. The firm has a market capitalization of $1.42 billion, a PE ratio of -41.82 and a beta of 1.11.

Analysts Set New Price Targets

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

Seabridge Gold Company Profile

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.