Shares of Seabridge Gold (NYSE:SA) rose 2.8%

Shares of Seabridge Gold Inc. (NYSE:SA – Get Your Free Report ) (TSE:SEA) traded up 2.8% during trading on Tuesday. The stock traded as high as $18.99 and last traded at $18.87. 167,804 shares changed hands during trading, down 68% from the session’s average volume of 517,885 shares. Shares previously closed at $18.36.

Analysts set new price targets

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research report on Monday.

Read our latest analysis of Seabridge Gold

Seabridge Gold Trading Up 0.4%

The firm has a market cap of $1.65 billion, a P/E ratio of -51.55 and a beta of 1.10. The stock has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $14.40. The company has a current ratio of 2.11, a quick ratio of 2.11, and a debt-to-equity ratio of 0.57.

Institutional investors are stepping in on Seabridge gold

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new position in shares of Seabridge Gold in the first quarter worth $30,000. Mather Group LLC. bought a new position in shares of Seabridge Gold in the second quarter valued at about $40,000. Creekmur Asset Management LLC purchased a new position in Seabridge Gold in the fourth quarter valued at approximately $50,000. Perkins Coie Trust Co bought a new stake in Seabridge Gold in the second quarter valued at approximately $93,000. Finally, Banque Cantonale Vaudoise raised its position in Seabridge Gold by 33.4% during the second quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock valued at $102,000 after buying an additional 1,871 shares during the period. Institutional investors own 34.85% of the company’s shares.

About Seabridge Gold

(Get a free report)

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company is also exploring gold, copper, silver and molybdenum deposits. The company was previously known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.

Further reading

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