Seabridge Gold (NYSE:SA) Shares Up 4%

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) rose 4% during trading on Wednesday . The company traded as high as $15.28 and last traded at $15.22. Approximately 397,726 shares were traded during trading, a decline of 27% from the average daily volume of 547,486 shares. The stock had previously closed at $14.63.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research note on Monday, April 1st.

Seabridge Gold Trading Up 2.1 %

The firm has a fifty day moving average of $13.85 and a two-hundred day moving average of $12.19. The company has a market cap of $1.38 billion, a PE ratio of -39.92 and a beta of 1.11. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.79.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings data on Wednesday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). As a group, sell-side analysts predict that Seabridge Gold Inc. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Seabridge Gold

Several large investors have recently added to or reduced their stakes in the company. Kopernik Global Investors LLC grew its holdings in Seabridge Gold by 16.9% during the 4th quarter. Kopernik Global Investors LLC now owns 3,189,304 shares of the basic materials company’s stock valued at $38,686,000 after buying an additional 460,895 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Seabridge Gold by 53.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 543,193 shares of the basic materials company’s stock valued at $6,584,000 after acquiring an additional 189,096 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of Seabridge Gold during the 1st quarter valued at about $2,453,000. Raymond James & Associates boosted its position in shares of Seabridge Gold by 21.6% during the 4th quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock valued at $9,777,000 after acquiring an additional 143,321 shares during the last quarter. Finally, Sprott Inc. boosted its position in shares of Seabridge Gold by 8.0% during the 3rd quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock valued at $18,457,000 after acquiring an additional 128,323 shares during the last quarter. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Company Profile

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. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.