Seabridge Gold (NYSE:SA) Sets New 52-Week High – What’s Next?

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $19.04 and last traded at $19.04, with a volume of 1137 shares. The stock had previously closed at $18.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

Seabridge Gold Trading Up 6.0 %

The business has a 50 day moving average price of $17.37 and a 200 day moving average price of $15.88. The company has a market capitalization of $1.85 billion, a P/E ratio of -293.14 and a beta of 1.14. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Tuesday, August 13th. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.03 by $0.34.

Institutional Trading of Seabridge Gold

Several hedge funds have recently added to or reduced their stakes in SA. St. Johns Investment Management Company LLC bought a new stake in shares of Seabridge Gold in the first quarter worth about $121,000. Privium Fund Management B.V. grew its position in shares of Seabridge Gold by 9.8% in the 1st quarter. Privium Fund Management B.V. now owns 38,207 shares of the basic materials company’s stock valued at $578,000 after purchasing an additional 3,400 shares during the period. Van ECK Associates Corp increased its stake in Seabridge Gold by 5.1% during the 1st quarter. Van ECK Associates Corp now owns 3,680,468 shares of the basic materials company’s stock worth $55,649,000 after purchasing an additional 178,672 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Seabridge Gold during the 1st quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. lifted its stake in Seabridge Gold by 3.4% in the first quarter. Geneos Wealth Management Inc. now owns 48,993 shares of the basic materials company’s stock valued at $741,000 after buying an additional 1,610 shares in the last quarter. Institutional investors and hedge funds 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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.