Seabridge Gold (NYSE:SA) Releases Earnings Results

Key Points

• Seabridge Gold reported a quarterly earnings per share (EPS) of $0.09 and its stock decreased by 0.7% to $16.69 following the announcement.
• The company has a market cap of $1.70 billion and is experiencing significant institutional interest, with 34.85% of its shares owned by institutional investors.
• Seabridge Gold's shares have fluctuated between a 12-month low of $9.40 and a high of $20.55.

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

Seabridge Gold Stock Down 0.7%

Shares of SA stock traded down $0.12 during mid-day trading on Wednesday, reaching $16.69. 490,369 shares of the company's stock traded hands, compared to its average volume of 592,250. Seabridge Gold has a 12 month low of $9.40 and a 12 month high of $20.55. The company has a market cap of $1.70 billion, a P/E ratio of -166.90 and a beta of 0.64. The company has a quick ratio of 9.53, a current ratio of 9.53 and a debt-to-equity ratio of 0.56. The company's 50-day moving average price is $15.39 and its 200-day moving average price is $13.10.

Institutional Trading of Seabridge Gold

A number of hedge funds have recently modified their holdings of SA. Baird Financial Group Inc. purchased a new position in shares of Seabridge Gold in the 1st quarter worth about $122,000. Royal Bank of Canada grew its stake in shares of Seabridge Gold by 125.3% during the 1st quarter. Royal Bank of Canada now owns 46,327 shares of the basic materials company's stock valued at $541,000 after acquiring an additional 25,769 shares during the period. Geode Capital Management LLC grew its stake in shares of Seabridge Gold by 9.8% during the 2nd quarter. Geode Capital Management LLC now owns 44,686 shares of the basic materials company's stock valued at $652,000 after acquiring an additional 3,982 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Seabridge Gold by 11.4% during the 2nd quarter. Marshall Wace LLP now owns 541,886 shares of the basic materials company's stock valued at $7,868,000 after acquiring an additional 55,262 shares during the period. 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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