Seabridge Gold (NYSE:SA) Raised to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen raised Seabridge Gold from "strong sell" to "sell", but the stock still carries a weak overall analyst view.
• Other recent ratings were also negative: Weiss Ratings reaffirmed a sell rating and Zacks cut the stock to "strong sell". MarketBeat says the consensus rating is "Reduce" with a target price of $65.00.
• Seabridge Gold reported a quarterly loss of ($0.30) EPS, missing estimates, while shares recently traded at $31.24 and the company had strong liquidity with a quick ratio and current ratio of 5.24.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued on Saturday.

Several other brokerages also recently weighed in on SA. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Seabridge Gold in a report on Friday, March 27th. Zacks Research cut shares of Seabridge Gold from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Seabridge Gold has an average rating of "Reduce" and a consensus target price of $65.00.

Seabridge Gold Stock Performance

Shares of SA opened at $31.24 on Friday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $30.86 and a two-hundred day simple moving average of $29.67. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -86.78 and a beta of 0.83. Seabridge Gold has a 52 week low of $11.12 and a 52 week high of $40.06.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its quarterly earnings data on Thursday, March 26th. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.27). On average, analysts expect that Seabridge Gold will post -0.17 EPS for the current year.

Institutional Trading of Seabridge Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federation des caisses Desjardins du Quebec boosted its stake in Seabridge Gold by 77.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company's stock worth $31,000 after purchasing an additional 465 shares during the period. Signaturefd LLC raised its position in shares of Seabridge Gold by 20.2% during the fourth quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company's stock valued at $89,000 after buying an additional 502 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Seabridge Gold by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company's stock valued at $447,000 after buying an additional 522 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Seabridge Gold by 2.9% in the first quarter. SG Americas Securities LLC now owns 28,926 shares of the basic materials company's stock worth $820,000 after buying an additional 803 shares in the last quarter. Finally, Uniting Wealth Partners LLC lifted its holdings in shares of Seabridge Gold by 8.7% in the fourth quarter. Uniting Wealth Partners LLC now owns 12,530 shares of the basic materials company's stock worth $371,000 after buying an additional 1,000 shares in the last quarter. Institutional investors 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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.

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