Seabridge Gold Inc (NYSE:SA) (TSE:SEA) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.80 and last traded at $13.45, with a volume of 19518 shares changing hands. The stock had previously closed at $13.15.

SA has been the topic of several research reports. Roth Capital reaffirmed a “buy” rating on shares of Seabridge Gold in a report on Friday, July 13th. ValuEngine upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Monday, September 17th.

The stock has a market capitalization of $766.55 million, a price-to-earnings ratio of -96.79 and a beta of -0.11.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Thursday, August 9th. The basic materials company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. research analysts forecast that Seabridge Gold Inc will post -0.27 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SA. BlackRock Inc. grew its holdings in shares of Seabridge Gold by 2.9% during the 1st quarter. BlackRock Inc. now owns 197,887 shares of the basic materials company’s stock valued at $2,137,000 after acquiring an additional 5,509 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Seabridge Gold by 14.8% during the 2nd quarter. Baird Financial Group Inc. now owns 136,903 shares of the basic materials company’s stock valued at $1,526,000 after acquiring an additional 17,612 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Seabridge Gold by 87.2% during the 1st quarter. Royal Bank of Canada now owns 13,468 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 6,275 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Seabridge Gold by 5.5% during the 2nd quarter. Van ECK Associates Corp now owns 3,530,693 shares of the basic materials company’s stock valued at $39,367,000 after acquiring an additional 183,600 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Seabridge Gold during the 2nd quarter valued at $127,000. Hedge funds and other institutional investors own 25.81% of the company’s stock.

About Seabridge Gold (NYSE:SA)

Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.

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