Seabridge Gold (NYSE:SA) Shares Up 4%

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s stock price shot up 4% on Wednesday . The stock traded as high as $15.28 and last traded at $15.22. 397,726 shares were traded during mid-day trading, a decline of 27% from the average session volume of 547,486 shares. The stock had previously closed at $14.63.

Analyst Ratings Changes

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

Seabridge Gold Stock Up 2.1 %

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 company has a market cap of $1.38 billion, a price-to-earnings ratio of -39.92 and a beta of 1.11. The stock has a fifty day moving average price of $13.85 and a two-hundred day moving average price of $12.19.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted 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). As a group, sell-side analysts expect that Seabridge Gold Inc. will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Seabridge Gold by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 3,501,796 shares of the basic materials company’s stock valued at $42,477,000 after purchasing an additional 114,331 shares in the last quarter. Kopernik Global Investors LLC raised its stake in 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 in the last quarter. Sprott Inc. raised its stake in Seabridge Gold by 8.0% in the third quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock valued at $18,457,000 after purchasing an additional 128,323 shares in the last quarter. Raymond James & Associates raised its stake in Seabridge Gold by 9.7% in the first quarter. Raymond James & Associates now owns 884,223 shares of the basic materials company’s stock valued at $13,369,000 after purchasing an additional 78,186 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake 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 in the last quarter. 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. 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.