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

StockNews.com upgraded shares of Seabridge Gold (NYSE:SA) (TSE:SEA) to a sell rating in a report issued on Monday morning.

Seabridge Gold Trading Up 0.4 %

NYSE:SA opened at $18.56 on Monday. Seabridge Gold has a 12 month low of $9.31 and a 12 month high of $18.99. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -51.55 and a beta of 1.10. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $15.21 and its 200-day moving average is $14.40.

Hedge Funds Weigh In On Seabridge Gold

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Seabridge Gold during the fourth quarter worth $311,000. CWM LLC increased its position in Seabridge Gold by 10.5% during the fourth quarter. CWM LLC now owns 10,725 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 1,020 shares during the period. Van ECK Associates Corp increased its position in Seabridge Gold by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 3,501,796 shares of the basic materials company’s stock worth $42,477,000 after acquiring an additional 114,331 shares during the period. Jump Financial LLC increased its position in Seabridge Gold by 148.5% during the fourth quarter. Jump Financial LLC now owns 76,291 shares of the basic materials company’s stock worth $925,000 after acquiring an additional 45,591 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in Seabridge Gold by 53.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 543,193 shares of the basic materials company’s stock worth $6,584,000 after acquiring an additional 189,096 shares during the period. 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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.