Seabridge Gold (NYSE:SA) Hits New 12-Month High – Here’s What Happened

Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.99 and last traded at $36.6470, with a volume of 268193 shares traded. The stock had previously closed at $36.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a report on Monday, December 29th. Zacks Research upgraded Seabridge Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen cut shares of Seabridge Gold from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, B. Riley increased their price objective on shares of Seabridge Gold from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.00.

Seabridge Gold Stock Up 1.1%

The firm has a market cap of $3.70 billion, a PE ratio of -91.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.99 and a current ratio of 2.99. The company’s 50-day simple moving average is $29.99 and its two-hundred day simple moving average is $23.62.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its earnings results on Wednesday, November 12th. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.20).

Institutional Trading of Seabridge Gold

Several large investors have recently added to or reduced their stakes in SA. Signaturefd LLC raised its holdings in Seabridge Gold by 20.2% in the 4th quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock worth $89,000 after purchasing an additional 502 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Seabridge Gold by 2.1% in the second quarter. Geneos Wealth Management Inc. now owns 48,810 shares of the basic materials company’s stock worth $709,000 after buying an additional 1,000 shares in the last quarter. Creative Planning lifted its holdings in Seabridge Gold by 3.8% in the third quarter. Creative Planning now owns 28,462 shares of the basic materials company’s stock worth $687,000 after buying an additional 1,043 shares during the period. CWM LLC boosted its position in Seabridge Gold by 4.1% during the 3rd quarter. CWM LLC now owns 26,651 shares of the basic materials company’s stock valued at $644,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Seabridge Gold by 41.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,250 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 1,250 shares during the period. 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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.