Seabridge Gold (NYSE:SA) Trading 7.9% Higher

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s stock price shot up 7.9% during mid-day trading on Thursday . The company traded as high as $14.96 and last traded at $14.91. 714,367 shares changed hands during trading, an increase of 42% from the average session volume of 501,354 shares. The stock had previously closed at $13.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research note on Monday, January 15th.

Seabridge Gold Stock Up 9.4 %

The stock has a 50 day simple moving average of $11.67 and a 200-day simple moving average of $11.51. The firm has a market cap of $1.31 billion, a PE ratio of -50.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.25 and a quick ratio of 2.25.

Institutional Trading of Seabridge Gold

Institutional investors and hedge funds have recently modified their holdings of the business. Harbour Investments Inc. increased its holdings in shares of Seabridge Gold by 360.1% in the 3rd quarter. Harbour Investments Inc. now owns 2,926 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 2,290 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Seabridge Gold by 203.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 2,234 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Seabridge Gold in the 1st quarter worth $44,000. Great West Life Assurance Co. Can grew its holdings in shares of Seabridge Gold by 64.0% in the first quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 1,497 shares during the period. Finally, Creekmur Asset Management LLC bought a new stake in shares of Seabridge Gold in the fourth quarter worth $50,000. 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.