Seabridge Gold (NYSE:SA) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Seabridge Gold has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, signaling potential concerns among investors.
• As of the latest trading session, Seabridge Gold shares are priced at $16.75, with a market capitalization of $1.71 billion.
• Institutional investors hold 34.85% of Seabridge Gold's stock, indicating significant interest from hedge funds in the company.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Seabridge Gold Stock Down 0.4%

Shares of SA stock traded down $0.0720 on Friday, hitting $16.1780. The company's stock had a trading volume of 586,065 shares, compared to its average volume of 673,343. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.24 and a quick ratio of 9.53. Seabridge Gold has a fifty-two week low of $9.40 and a fifty-two week high of $20.55. The firm's fifty day moving average price is $15.61 and its 200-day moving average price is $13.25. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -42.57 and a beta of 0.64.

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

Institutional Investors Weigh In On Seabridge Gold

Several institutional investors and hedge funds have recently modified their holdings of SA. Banque Cantonale Vaudoise acquired a new stake in shares of Seabridge Gold in the 1st quarter valued at $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of Seabridge Gold in the 2nd quarter valued at $26,000. Northwest & Ethical Investments L.P. bought a new position in Seabridge Gold in the 1st quarter worth $39,000. Creative Financial Designs Inc. ADV raised its holdings in Seabridge Gold by 100.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company's stock worth $44,000 after acquiring an additional 1,500 shares during the period. Finally, Wealth Preservation Advisors LLC bought a new position in Seabridge Gold in the 1st quarter worth $121,000. Institutional investors and hedge funds own 34.85% of the company's stock.

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