Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA was upgraded by analysts at StockNews.com to a "sell" rating in a note issued to investors on Monday.
Seabridge Gold Price Performance
Shares of NYSE SA traded up $0.72 during midday trading on Monday, hitting $15.84. The stock had a trading volume of 1,126,022 shares, compared to its average volume of 522,494. Seabridge Gold has a 1 year low of $9.31 and a 1 year high of $16.18. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.37 billion, a PE ratio of -40.60 and a beta of 1.11. The stock has a 50 day simple moving average of $11.96 and a 200-day simple moving average of $11.60.
Institutional Investors Weigh In On Seabridge Gold
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new stake in Seabridge Gold during the first quarter worth $565,000. Creekmur Asset Management LLC acquired a new stake in shares of Seabridge Gold in the fourth quarter valued at $50,000. Goldman Sachs Group Inc. grew its stake in shares of Seabridge Gold by 16.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 140,541 shares of the basic materials company's stock valued at $1,705,000 after buying an additional 20,280 shares in the last quarter. GTS Securities LLC grew its stake in shares of Seabridge Gold by 287.0% in the fourth quarter. GTS Securities LLC now owns 44,890 shares of the basic materials company's stock valued at $545,000 after buying an additional 33,290 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Seabridge Gold by 6.1% in the fourth quarter. Legal & General Group Plc now owns 52,260 shares of the basic materials company's stock valued at $636,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 34.85% of the company's stock.
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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