Seabridge Gold (NYSE:SA) Given New $60.00 Price Target at B. Riley

Seabridge Gold (NYSE:SAGet Rating) (TSE:SEA) had its price target hoisted by B. Riley from $57.00 to $60.00 in a report released on Monday, The Fly reports.

Separately, StockNews.com started coverage on shares of Seabridge Gold in a report on Wednesday, October 12th. They set a sell rating for the company.

Seabridge Gold Stock Down 0.9 %

SA stock opened at $11.92 on Monday. The company has a market cap of $958.36 million, a price-to-earnings ratio of 132.46 and a beta of 0.84. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.29. Seabridge Gold has a 12 month low of $10.03 and a 12 month high of $22.22. The firm has a 50-day moving average of $11.70 and a two-hundred day moving average of $12.81.

Institutional Trading of Seabridge Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in SA. Steward Partners Investment Advisory LLC increased its holdings in shares of Seabridge Gold by 100.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,000 shares of the basic materials company’s stock worth $25,000 after buying an additional 1,000 shares during the last quarter. US Bancorp DE increased its holdings in Seabridge Gold by 897.0% in the 3rd quarter. US Bancorp DE now owns 3,310 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,978 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Seabridge Gold by 203.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,234 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Seabridge Gold by 64.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Seabridge Gold by 36.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,343 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 28.65% of the company’s stock.

About Seabridge Gold

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Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper, silver, molybdenum, and rhenium 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 located in the Nevada; and 3 Aces project located in the Yukon Territory.

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