Seabridge Gold (NYSE:SA) Shares Up 3.7% – Here’s What Happened

by · The Cerbat Gem

Seabridge Gold Inc. (NYSE:SA – Get Free Report) (TSE:SEA)’s stock price shot up 3.7% on Thursday . The company 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 Price Performance

The company’s 50-day simple moving average is $11.84 and its 200-day simple moving average is $14.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $1.17 billion, a PE ratio of -46.72 and a beta of 1.00.

Hedge Funds Weigh In On Seabridge Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in 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 valued at $37,000 after acquiring an additional 1,202 shares during the last quarter. R Squared Ltd acquired a new position in shares of Seabridge Gold in the fourth quarter valued at approximately $28,000. Lee Danner & Bass Inc. purchased a new stake in shares of Seabridge Gold during the fourth quarter worth approximately $70,000. HighTower Advisors LLC acquired a new stake in shares of Seabridge Gold during the fourth quarter worth $118,000. Finally, Ewing Morris & Co. Investment Partners Ltd. purchased a new position in Seabridge Gold in the 4th quarter valued at $138,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.

About Seabridge Gold

(Get Free Report)

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.

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