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Seabridge Gold (NYSE:SA) Shares Pass Above 200-Day Moving Average - Here's Why

Seabridge Gold logo with Basic Materials background

Seabridge Gold, Inc. (NYSE:SA - Get Free Report) TSE: SEA shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.20 and traded as high as $14.94. Seabridge Gold shares last traded at $14.57, with a volume of 641,357 shares trading hands.

Seabridge Gold Trading Down 3.8%

The stock has a market capitalization of $1.42 billion, a P/E ratio of -140.85 and a beta of 0.63. The stock's fifty day moving average price is $13.02 and its 200 day moving average price is $12.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 9.53 and a quick ratio of 9.53.

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 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of Seabridge Gold in the 1st quarter worth $26,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Seabridge Gold in the first quarter valued at about $39,000. Lee Danner & Bass Inc. purchased a new stake in Seabridge Gold in the fourth quarter worth about $70,000. HighTower Advisors LLC purchased a new stake in Seabridge Gold in the fourth quarter worth about $118,000. Finally, Wealth Preservation Advisors LLC bought a new position in Seabridge Gold during the 1st quarter worth about $121,000. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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