Seabridge Gold, Inc. (NYSE:SA – Get Free Report) (TSE:SEA)’s stock price traded up 9.6% during mid-day trading on Tuesday . The company traded as high as $29.72 and last traded at $30.4910. 293,763 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,077,433 shares. The stock had previously closed at $27.83.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research lowered Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $65.00.
View Our Latest Report on Seabridge Gold
Seabridge Gold Price Performance
Seabridge Gold (NYSE:SA – Get Free Report) (TSE:SEA) last posted its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). Equities analysts expect that Seabridge Gold, Inc. will post -0.17 EPS for the current year.
Institutional Investors Weigh In On Seabridge Gold
Several institutional investors and hedge funds have recently modified their holdings of the company. Axiom Investment Management LLC purchased a new stake in shares of Seabridge Gold in the 1st quarter valued at $309,000. Amundi grew its stake in Seabridge Gold by 3.4% during the 1st quarter. Amundi now owns 526,852 shares of the basic materials company’s stock worth $14,931,000 after purchasing an additional 17,560 shares in the last quarter. Royal Bank of Canada grew its stake in Seabridge Gold by 18.3% during the 1st quarter. Royal Bank of Canada now owns 313,637 shares of the basic materials company’s stock worth $8,888,000 after purchasing an additional 48,445 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Seabridge Gold during the 1st quarter worth $652,000. Finally, Renaissance Technologies LLC acquired a new position in Seabridge Gold during the 1st quarter worth $8,238,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.
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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.
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