Seabridge Gold (NYSE:SA) Trading 7.9% Higher

Shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) traded up 7.9% during trading on Thursday . The company traded as high as $14.96 and last traded at $14.91. 714,367 shares traded hands during trading, an increase of 42% from the average session volume of 501,354 shares. The stock had previously closed at $13.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Seabridge Gold to a “sell” rating in a research note on Monday, January 15th.

Seabridge Gold Stock Performance

The firm’s fifty day moving average price is $11.67 and its 200 day moving average price is $11.51. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -50.40 and a beta of 1.07.

Institutional Investors Weigh In On Seabridge Gold

A number of large investors have recently modified their holdings of SA. Millennium Management LLC grew its position in Seabridge Gold by 513.9% during the 4th quarter. Millennium Management LLC now owns 888,638 shares of the basic materials company’s stock worth $11,176,000 after purchasing an additional 743,881 shares during the last quarter. Kopernik Global Investors LLC lifted its stake in shares of Seabridge Gold by 16.9% in 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 purchasing an additional 460,895 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Seabridge Gold in the first quarter valued at about $5,180,000. Amundi lifted its stake in shares of Seabridge Gold by 33.4% in the fourth quarter. Amundi now owns 918,275 shares of the basic materials company’s stock valued at $12,635,000 after purchasing an additional 229,902 shares during the period. Finally, Ontario Teachers Pension Plan Board raised 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 last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

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. 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.