Seabridge Gold (NYSE:SA) Trading 3.7% Higher – Should You Buy?

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) shot up 3.7% on Thursday . The stock traded as high as $11.68 and last traded at $11.67. 96,643 shares changed hands during trading, a decline of 90% from the average session volume of 949,297 shares. The stock had previously closed at $11.25.

Seabridge Gold Stock Performance

The firm has a 50 day moving average of $11.84 and a two-hundred day moving average of $14.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market cap of $1.17 billion, a PE ratio of -46.72 and a beta of 1.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. US Bancorp DE raised its stake in Seabridge Gold by 116.7% during the 3rd quarter. US Bancorp DE now owns 2,232 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 1,202 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Seabridge Gold during the fourth quarter worth about $28,000. Lee Danner & Bass Inc. purchased a new stake in shares of Seabridge Gold in the 4th quarter valued at about $70,000. HighTower Advisors LLC purchased a new stake in shares of Seabridge Gold in the 4th quarter valued at about $118,000. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in shares of Seabridge Gold in the 4th quarter valued at about $138,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

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.