Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA dropped 1.9% during trading on Thursday . The stock traded as low as $16.16 and last traded at $16.34. Approximately 101,384 shares were traded during trading, a decline of 81% from the average daily volume of 523,034 shares. The stock had previously closed at $16.65.
Analyst Ratings Changes
Separately, StockNews.com raised Seabridge Gold to a "sell" rating in a research note on Monday.
Check Out Our Latest Analysis on SA
Seabridge Gold Stock Down 3.8 %
The company has a market cap of $1.38 billion, a P/E ratio of -41.77 and a beta of 1.11. The stock has a 50-day moving average of $12.20 and a two-hundred day moving average of $11.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.25 and a current ratio of 2.25.
Hedge Funds Weigh In On Seabridge Gold
A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Seabridge Gold by 14.4% in the 1st 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 during the period. Bleakley Financial Group LLC grew its holdings in shares of Seabridge Gold by 0.6% in the second quarter. Bleakley Financial Group LLC now owns 149,733 shares of the basic materials company's stock worth $1,804,000 after purchasing an additional 936 shares during the last quarter. Credit Suisse AG increased its stake in shares of Seabridge Gold by 1.9% in the third quarter. Credit Suisse AG now owns 49,310 shares of the basic materials company's stock worth $585,000 after buying an additional 936 shares during the period. Legal & General Group Plc raised its holdings in Seabridge Gold by 10.3% during the 2nd quarter. Legal & General Group Plc now owns 10,565 shares of the basic materials company's stock valued at $131,000 after buying an additional 986 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in Seabridge Gold by 5.5% during the 2nd quarter. IHT Wealth Management LLC now owns 19,100 shares of the basic materials company's stock valued at $230,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 34.85% of the company's stock.
About Seabridge Gold
(
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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.
Further Reading
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