Seabridge Gold (NYSE:SA) Share Price Passes Above 200-Day Moving Average of $15.43

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.43 and traded as high as $17.69. Seabridge Gold shares last traded at $17.56, with a volume of 410,206 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a research note on Monday, August 19th.

Seabridge Gold Trading Up 2.8 %

The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.11 and a current ratio of 2.11. The company has a 50 day simple moving average of $16.63 and a two-hundred day simple moving average of $15.43. The company has a market cap of $1.56 billion, a PE ratio of -48.78 and a beta of 1.13.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.34. Sell-side analysts forecast that Seabridge Gold Inc. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Seabridge Gold

Several institutional investors have recently made changes to their positions in SA. Tidal Investments LLC acquired a new stake in shares of Seabridge Gold during the 1st quarter valued at about $17,419,000. Toronto Dominion Bank acquired a new stake in Seabridge Gold in the 2nd quarter worth approximately $13,720,000. Kopernik Global Investors LLC lifted its holdings in Seabridge Gold by 16.9% in the 4th quarter. Kopernik Global Investors LLC now owns 3,189,304 shares of the basic materials company’s stock worth $38,686,000 after purchasing an additional 460,895 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Seabridge Gold by 5.1% in 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 during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Seabridge Gold by 31.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 713,989 shares of the basic materials company’s stock worth $10,800,000 after purchasing an additional 170,796 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

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.