Seabridge Gold (NYSE:SA) Stock Price Up 2.9%

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s share price rose 2.9% on Monday . The stock traded as high as $11.50 and last traded at $11.46. Approximately 38,779 shares changed hands during trading, a decline of 88% from the average daily volume of 326,630 shares. The stock had previously closed at $11.14.

Analysts Set New Price Targets

SA has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Seabridge Gold in a research report on Friday, August 18th. They set a “sell” rating on the stock. Royal Bank of Canada began coverage on shares of Seabridge Gold in a report on Monday. They set an “outperform” rating for the company.

Seabridge Gold Stock Performance

The company has a market capitalization of $990.75 million, a P/E ratio of -59.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 3.11. The stock’s 50 day simple moving average is $11.97 and its two-hundred day simple moving average is $12.67.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its earnings results on Monday, August 14th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. As a group, research analysts expect that Seabridge Gold Inc. will post -0.18 earnings per share for the current year.

Institutional Investors Weigh In On Seabridge Gold

Several institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp grew its holdings in Seabridge Gold by 2.4% during the first quarter. Mackenzie Financial Corp now owns 33,725 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 806 shares during the period. Royal Bank of Canada boosted its holdings in shares of Seabridge Gold by 14.4% in 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 period. NewEdge Advisors LLC boosted its holdings in shares of Seabridge Gold by 1.0% in the first quarter. NewEdge Advisors LLC now owns 84,801 shares of the basic materials company’s stock valued at $1,098,000 after buying an additional 850 shares during the period. Simplicity Solutions LLC boosted its holdings in shares of Seabridge Gold by 0.6% in the second quarter. Simplicity Solutions LLC now owns 149,733 shares of the basic materials company’s stock valued at $1,804,000 after buying an additional 936 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Seabridge Gold by 0.6% in the second quarter. Bleakley Financial Group LLC now owns 149,733 shares of the basic materials company’s stock valued at $1,804,000 after buying an additional 936 shares during the period. Institutional investors and hedge funds own 34.31% of the company’s stock.

About Seabridge Gold

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.