Seabridge Gold (NYSE:SA) Hits New 1-Year Low – Here’s What Happened

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) reached a new 52-week low during trading on Friday . The stock traded as low as $10.07 and last traded at $10.12, with a volume of 224579 shares changing hands. The stock had previously closed at $11.08.

Seabridge Gold Trading Down 9.7 %

The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average is $11.74 and its two-hundred day moving average is $13.77. The firm has a market cap of $1.00 billion, a P/E ratio of -40.02 and a beta of 1.00.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.

Hedge Funds Weigh In On Seabridge Gold

Several hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new stake in Seabridge Gold in the 4th quarter valued at about $28,000. Lee Danner & Bass Inc. bought a new stake in shares of Seabridge Gold during the fourth quarter valued at approximately $70,000. HighTower Advisors LLC acquired a new position in shares of Seabridge Gold during the fourth quarter worth approximately $118,000. Ewing Morris & Co. Investment Partners Ltd. bought a new position in Seabridge Gold in the 4th quarter worth approximately $138,000. Finally, Uniting Wealth Partners LLC acquired a new stake in Seabridge Gold in the 4th quarter valued at approximately $139,000. 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.