Seabridge Gold (NYSE:SA) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Seabridge Gold's stock received a "sell (d)" rating from Weiss Ratings, following other analysts who have varied ratings including a recent upgrade to a "hold" rating by Wall Street Zen.
• The stock currently has a market cap of $2.57 billion and has seen a modest increase of 2.3% on Wednesday, trading at approximately $25.12.
• Recent hedge fund activity indicates increased interest in Seabridge Gold, with several funds acquiring new positions in the company during the second quarter of the year.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA's stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts also recently weighed in on SA. Wall Street Zen raised shares of Seabridge Gold from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Zacks Research raised shares of Seabridge Gold to a "hold" rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Seabridge Gold presently has a consensus rating of "Reduce".

Seabridge Gold Stock Up 2.3%

Shares of Seabridge Gold stock opened at $25.12 on Wednesday. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.57. The company's fifty day simple moving average is $18.87 and its two-hundred day simple moving average is $15.22. The company has a market cap of $2.57 billion, a P/E ratio of -66.11 and a beta of 0.76. Seabridge Gold has a 12-month low of $9.40 and a 12-month high of $25.45.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its quarterly earnings data on Wednesday, August 13th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Seabridge Gold

Hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Seabridge Gold in the 2nd quarter worth about $26,000. Total Investment Management Inc. bought a new position in Seabridge Gold in the 2nd quarter worth about $28,000. Banque Cantonale Vaudoise bought a new position in Seabridge Gold during the 1st quarter valued at about $26,000. Creative Financial Designs Inc. ADV lifted its stake in Seabridge Gold by 100.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 1,500 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new position in Seabridge Gold during the 1st quarter valued at about $39,000. Institutional investors own 34.85% of the company's stock.

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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.

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