Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA)'s share price shot up 5.9% during mid-day trading on Friday . The stock traded as high as $12.19 and last traded at $12.10. 4,785 shares changed hands during trading, a decline of 99% from the average session volume of 334,327 shares. The stock had previously closed at $11.43.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Seabridge Gold to a "sell" rating in a report on Wednesday, August 17th.
Get Seabridge Gold alerts:Seabridge Gold Stock Performance
The stock's 50-day moving average is $12.97 and its 200-day moving average is $15.57. The stock has a market cap of $966.54 million, a price-to-earnings ratio of 401.47 and a beta of 0.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.34 and a quick ratio of 7.34.
Hedge Funds Weigh In On Seabridge Gold
Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in shares of Seabridge Gold in the 1st quarter valued at about $2,488,000. Public Sector Pension Investment Board boosted its stake in Seabridge Gold by 1.2% during the 4th quarter. Public Sector Pension Investment Board now owns 168,452 shares of the basic materials company's stock valued at $2,787,000 after purchasing an additional 2,020 shares during the period. Sprott Inc. boosted its stake in Seabridge Gold by 31.0% during the 4th quarter. Sprott Inc. now owns 1,962,551 shares of the basic materials company's stock valued at $32,364,000 after purchasing an additional 464,231 shares during the period. Wealth Alliance Advisory Group LLC acquired a new position in Seabridge Gold during the 1st quarter valued at about $185,000. Finally, Shell Asset Management Co. lifted its stake in shares of Seabridge Gold by 41.1% in the 4th quarter. Shell Asset Management Co. now owns 7,212 shares of the basic materials company's stock worth $119,000 after acquiring an additional 2,100 shares during the period. Hedge funds and other institutional investors own 28.65% of the company's stock.Seabridge Gold Company Profile
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Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper, silver, molybdenum, and rhenium 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 located in the Nevada; and 3 Aces project located in the Yukon Territory.
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