Seabridge Gold (NYSE:SA) Shares Up 4%

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was up 4% during mid-day trading on Wednesday . The stock traded as high as $15.28 and last traded at $15.22. Approximately 397,726 shares changed hands during trading, a decline of 27% from the average daily volume of 547,486 shares. The stock had previously closed at $14.63.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a report on Monday, April 1st.

Seabridge Gold Stock Performance

The business has a 50 day moving average of $13.65 and a 200 day moving average of $12.15. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.32 billion, a P/E ratio of -38.95 and a beta of 1.11.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.29). On average, sell-side analysts predict that Seabridge Gold Inc. will post 0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of Seabridge Gold by 21.6% in the fourth quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock valued at $9,777,000 after acquiring an additional 143,321 shares in the last quarter. Sprott Inc. lifted its position in Seabridge Gold by 8.0% during the 3rd quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock worth $18,457,000 after acquiring an additional 128,323 shares during the period. Ontario Teachers Pension Plan Board grew its stake in shares of Seabridge Gold by 97.9% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 354,097 shares of the basic materials company’s stock valued at $3,723,000 after purchasing an additional 175,161 shares during the last quarter. Swiss National Bank raised its stake in shares of Seabridge Gold by 2.0% during the third quarter. Swiss National Bank now owns 155,400 shares of the basic materials company’s stock worth $1,648,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in Seabridge Gold by 308.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 13,440 shares of the basic materials company’s stock valued at $163,000 after buying an additional 10,150 shares during the last quarter. Hedge funds and other institutional investors own 34.85% 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.