Seabridge Gold Inc. (NYSE:SA – Get Free Report) (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 initiated coverage on shares of Seabridge Gold in a research report on Monday. They set an “outperform” rating on the stock.
Seabridge Gold Stock Up 6.9 %
Seabridge Gold (NYSE:SA – Get Free Report) (TSE:SEA) last announced its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.11. As a group, equities research analysts predict that Seabridge Gold Inc. will post -0.18 earnings per share for the current year.
Hedge Funds Weigh In On Seabridge Gold
Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of Seabridge Gold in the first quarter worth about $27,000. McIlrath & Eck LLC acquired a new stake in shares of Seabridge Gold during the 2nd quarter worth approximately $36,000. Tower Research Capital LLC TRC grew its position in shares of Seabridge Gold by 203.1% during the 3rd 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 period. Chilton Capital Management LLC acquired a new stake in shares of Seabridge Gold during the 1st quarter worth approximately $44,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Seabridge Gold during the 2nd quarter worth approximately $46,000. 34.31% of the stock is owned by institutional investors.
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.
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