Shares of Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA saw unusually-strong trading volume on Monday . Approximately 266,122 shares changed hands during mid-day trading, a decline of 48% from the previous session's volume of 508,186 shares.The stock last traded at $15.41 and had previously closed at $15.12.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Seabridge Gold to a "sell" rating in a report on Monday.
View Our Latest Research Report on Seabridge Gold
Seabridge Gold Price Performance
The stock has a fifty day moving average of $11.96 and a two-hundred day moving average of $11.60. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -40.60 and a beta of 1.11.
Institutional Investors Weigh In On Seabridge Gold
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Seabridge Gold by 17.9% in the 1st quarter. JPMorgan Chase & Co. now owns 163,874 shares of the basic materials company's stock valued at $3,032,000 after buying an additional 24,880 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Seabridge Gold by 5.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,162 shares of the basic materials company's stock valued at $447,000 after acquiring an additional 1,175 shares during the last quarter. Citigroup Inc. increased its position in Seabridge Gold by 56.9% in the first quarter. Citigroup Inc. now owns 15,194 shares of the basic materials company's stock worth $281,000 after purchasing an additional 5,512 shares during the period. Great West Life Assurance Co. Can raised its holdings in Seabridge Gold by 64.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company's stock worth $75,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in Seabridge Gold by 75.9% during the 1st quarter. Cibc World Market Inc. now owns 47,146 shares of the basic materials company's stock valued at $872,000 after purchasing an additional 20,338 shares during the period. Institutional investors own 34.85% of the company's stock.
Seabridge Gold Company Profile
(
Get Free Report)
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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