Seabridge Gold (NYSE:SA) Shares Gap Down to $15.32

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) gapped down before the market opened on Monday . The stock had previously closed at $15.32, but opened at $14.77. Seabridge Gold shares last traded at $14.72, with a volume of 163,693 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a report on Monday, April 1st.

Seabridge Gold Stock Performance

The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average price is $13.54 and its two-hundred day moving average price is $12.12.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). On average, analysts expect that Seabridge Gold Inc. will post 0.1 earnings per share for the current year.

Hedge Funds Weigh In On Seabridge Gold

Several large investors have recently bought and sold shares of SA. CWM LLC acquired a new position in shares of Seabridge Gold in the third quarter valued at approximately $102,000. SG Americas Securities LLC raised its stake in shares of Seabridge Gold by 31.8% during the third quarter. SG Americas Securities LLC now owns 25,738 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 6,215 shares during the last quarter. Simplicity Solutions LLC raised its stake in shares of Seabridge Gold by 5.8% during the third quarter. Simplicity Solutions LLC now owns 158,458 shares of the basic materials company’s stock valued at $1,672,000 after acquiring an additional 8,725 shares during the last quarter. Raymond James & Associates grew its stake in shares of Seabridge Gold by 1.4% in the third quarter. Raymond James & Associates now owns 662,716 shares of the basic materials company’s stock worth $6,992,000 after purchasing an additional 8,876 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Seabridge Gold by 8.9% in the third quarter. CIBC Asset Management Inc now owns 65,900 shares of the basic materials company’s stock valued at $695,000 after purchasing an additional 5,408 shares during the period. 34.85% of the stock is currently 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. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.