Seabridge Gold (NYSE:SA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Seabridge Gold (NYSE:SA – Get Rating) (TSE:SEA) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Separately, B. Riley boosted their target price on shares of Seabridge Gold from $57.00 to $60.00 in a research report on Monday, November 21st.

Seabridge Gold Stock Performance

SA stock opened at $11.96 on Thursday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $975.58 million, a price-to-earnings ratio of 132.90 and a beta of 0.88. Seabridge Gold has a 12 month low of $10.03 and a 12 month high of $22.22. The firm has a 50 day moving average of $12.26 and a two-hundred day moving average of $12.08.

Institutional Trading of Seabridge Gold

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of Seabridge Gold by 897.0% in the third quarter. US Bancorp DE now owns 3,310 shares of the basic materials company’s stock worth $40,000 after buying an additional 2,978 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Seabridge Gold by 203.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the basic materials company’s stock worth $40,000 after buying an additional 2,234 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Seabridge Gold in the third quarter worth $47,000. Deutsche Bank AG acquired a new stake in shares of Seabridge Gold in the fourth quarter worth $65,000. Finally, Great West Life Assurance Co. Can lifted its stake 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 buying an additional 1,497 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

About Seabridge Gold

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Seabridge Gold Inc engages in the acquisition and exploration of gold properties. It operates through the following projects: Kerr-Sulphurets-Mitchel (KSM), Courageous Lake, Iskut, Snowstorm, non-core assets, 3 Aces, and building trust. The company was founded by James S. Anthony and Rudi P. Fronk on September 14, 1979 and is headquartered in Toronto, Canada.