Seabridge Gold (NYSE:SA) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Seabridge Gold's stock price recently surpassed its 200-day moving average of $15.09, with a trading high of $25.08, indicating potential momentum in the market.
• Analysts have mixed opinions; Wall Street Zen upgraded the stock to a hold rating, while Weiss Ratings maintained a sell rating, resulting in an average rating of "Reduce" on MarketBeat.
• The company has a market capitalization of $2.53 billion and reported earnings of $0.09 EPS for the last quarter, reflecting ongoing interest from institutional investors.

Seabridge Gold, Inc. (NYSE:SA - Get Free Report) TSE: SEA's share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.09 and traded as high as $25.08. Seabridge Gold shares last traded at $24.70, with a volume of 1,229,729 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on SA. Wall Street Zen upgraded Seabridge Gold from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Seabridge Gold in a research note on Saturday, September 27th. Finally, Zacks Research raised Seabridge Gold to a "hold" rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Seabridge Gold currently has an average rating of "Reduce".

Seabridge Gold Stock Performance

The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.53 billion, a PE ratio of -65.00 and a beta of 0.76. The company has a 50-day moving average price of $18.50 and a two-hundred day moving average price of $15.09.

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

Institutional Trading of Seabridge Gold

Several institutional investors and 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 valued at $26,000. Total Investment Management Inc. bought a new stake in Seabridge Gold during the second quarter valued at $28,000. Banque Cantonale Vaudoise purchased a new position in Seabridge Gold during the first quarter worth about $26,000. Creative Financial Designs Inc. ADV increased its stake 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 last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Seabridge Gold in the 1st quarter valued at about $39,000. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

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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