Seabridge Gold (NYSE:SA) Lifted to Sell at StockNews.com

Seabridge Gold (NYSE:SA) (TSE:SEA) was upgraded by StockNews.com to a “sell” rating in a note issued to investors on Monday.

Seabridge Gold Stock Up 6.1 %

Seabridge Gold stock traded up $1.06 during trading on Monday, hitting $18.36. 999,110 shares of the company were exchanged, compared to its average volume of 520,077. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $14.98 and its 200 day moving average is $14.27. Seabridge Gold has a 52 week low of $9.31 and a 52 week high of $18.37. The company has a market capitalization of $1.63 billion, a P/E ratio of -51.00 and a beta of 1.10.

Institutional Investors Weigh In On Seabridge Gold

A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in Seabridge Gold by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,717,871 shares of the basic materials company’s stock valued at $50,898,000 after purchasing an additional 37,403 shares during the period. Kopernik Global Investors LLC grew its position in Seabridge Gold by 16.9% during the fourth quarter. Kopernik Global Investors LLC now owns 3,189,304 shares of the basic materials company’s stock valued at $38,686,000 after buying an additional 460,895 shares during the period. Tidal Investments LLC bought a new position in Seabridge Gold during the first quarter valued at about $17,419,000. Toronto Dominion Bank bought a new position in Seabridge Gold during the second quarter valued at about $13,720,000. Finally, Russell Investments Group Ltd. grew its position in Seabridge Gold by 0.9% during the first quarter. Russell Investments Group Ltd. now owns 897,435 shares of the basic materials company’s stock valued at $13,579,000 after buying an additional 8,440 shares during the period. 34.85% of the stock is owned by institutional investors.

Seabridge Gold Company Profile

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.