Seabridge Gold (NYSE:SA) Trading Up 3.2%

Shares of Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA) were up 3.2% on Friday . The company traded as high as $11.49 and last traded at $11.49. Approximately 82,072 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 294,114 shares. The stock had previously closed at $11.13.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SA shares. StockNews.com started coverage on Seabridge Gold in a research report on Thursday. They issued a “sell” rating on the stock. B. Riley raised their target price on Seabridge Gold from $57.00 to $60.00 in a research note on Monday, November 21st.

Seabridge Gold Trading Up 7.5 %

The company has a market cap of $975.58 million, a PE ratio of 132.90 and a beta of 0.88. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $12.26 and a 200 day moving average price of $12.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Seabridge Gold by 14.4% during the first quarter. Royal Bank of Canada now owns 6,744 shares of the basic materials company’s stock valued at $125,000 after buying an additional 849 shares during the last quarter. Credit Suisse AG raised its stake in Seabridge Gold by 1.9% during the third quarter. Credit Suisse AG now owns 49,310 shares of the basic materials company’s stock valued at $585,000 after buying an additional 936 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Seabridge Gold by 3.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,233 shares of the basic materials company’s stock valued at $323,000 after buying an additional 981 shares during the last quarter. Legal & General Group Plc raised its stake in Seabridge Gold by 10.3% during the second quarter. Legal & General Group Plc now owns 10,565 shares of the basic materials company’s stock valued at $131,000 after buying an additional 986 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Seabridge Gold by 5.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,162 shares of the basic materials company’s stock valued at $447,000 after buying an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Seabridge Gold Company Profile

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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.