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Seabridge Gold (NYSE:SA) Shares Gap Down - Here's Why

Seabridge Gold logo with Basic Materials background

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA shares gapped down before the market opened on Monday . The stock had previously closed at $12.62, but opened at $12.09. Seabridge Gold shares last traded at $11.89, with a volume of 158,072 shares changing hands.

Seabridge Gold Price Performance

The company has a 50-day moving average of $11.81 and a two-hundred day moving average of $12.52. The stock has a market capitalization of $1.15 billion, a PE ratio of -45.58 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last released its quarterly earnings data on Tuesday, May 13th. The basic materials company reported $0.08 EPS for the quarter.

Institutional Investors Weigh In On Seabridge Gold

A number of hedge funds have recently bought and sold shares of the business. Strait & Sound Wealth Management LLC boosted its position in Seabridge Gold by 1.4% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 128,778 shares of the basic materials company's stock valued at $1,503,000 after purchasing an additional 1,719 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Seabridge Gold by 912,796.4% in the first quarter. Jones Financial Companies Lllp now owns 502,093 shares of the basic materials company's stock valued at $5,859,000 after buying an additional 502,038 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Seabridge Gold in the first quarter valued at $344,000. Eschler Asset Management LLP raised its position in shares of Seabridge Gold by 40.0% during the first quarter. Eschler Asset Management LLP now owns 35,000 shares of the basic materials company's stock worth $408,000 after purchasing an additional 10,000 shares during the period. Finally, Amundi raised its position in shares of Seabridge Gold by 30.3% during the first quarter. Amundi now owns 845,655 shares of the basic materials company's stock worth $9,370,000 after purchasing an additional 196,687 shares during the period. Institutional investors and hedge funds own 34.85% of the company's stock.

Seabridge Gold Company Profile

(Get Free Report)

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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