Wall Street Zen Upgrades Seabridge Gold (NYSE:SA) to Hold

Key Points

• Wall Street Zen has upgraded Seabridge Gold from a "sell" rating to a "hold" rating, reflecting a positive shift in analyst sentiment.
• Seabridge Gold's stock is currently priced at $18.84, with a notable 52-week range between $9.40 and $20.55.
• Institutional investors now own 34.85% of Seabridge Gold's stock, with several large investors acquiring new stakes during the last few quarters.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Seabridge Gold Stock Performance

Shares of SA stock opened at $18.84 on Friday. The company's fifty day simple moving average is $16.51 and its 200-day simple moving average is $13.85. Seabridge Gold has a 52 week low of $9.40 and a 52 week high of $20.55. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.93 billion, a PE ratio of -49.58 and a beta of 0.68.

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 Investors Weigh In On Seabridge Gold

Large investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Seabridge Gold during the 1st quarter valued at $26,000. Ameritas Advisory Services LLC acquired a new stake in Seabridge Gold during the 2nd quarter valued at $26,000. Total Investment Management Inc. acquired a new stake in Seabridge Gold during the 2nd quarter valued at $28,000. Northwest & Ethical Investments L.P. acquired a new stake in Seabridge Gold during the 1st quarter valued at $39,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Seabridge Gold by 100.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 1,500 shares in the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.

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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