Seabridge Gold (TSE:SEA) Stock Price Passes Above 200-Day Moving Average of $16.49

Seabridge Gold Inc. (TSE:SEA – Get Rating) (NYSE:SA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.49 and traded as high as C$18.51. Seabridge Gold shares last traded at C$18.41, with a volume of 43,752 shares.

Analyst Upgrades and Downgrades

Separately, B. Riley restated a “buy” rating on shares of Seabridge Gold in a research report on Monday, November 21st.

Seabridge Gold Trading Up 2.1 %

The stock has a market capitalization of C$1.48 billion and a PE ratio of 167.36. The stock’s 50 day moving average price is C$16.96 and its 200-day moving average price is C$16.49. The company has a quick ratio of 3.34, a current ratio of 3.45 and a debt-to-equity ratio of 29.00.

Seabridge Gold (TSE:SEA – Get Rating) (NYSE:SA) last released its quarterly earnings data on Monday, November 14th. The company reported C$0.06 EPS for the quarter, beating the consensus estimate of C($0.09) by C$0.15. On average, sell-side analysts expect that Seabridge Gold Inc. will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eliseo Gonzalez-Urien sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of C$15.71, for a total value of C$204,282.00. Following the completion of the transaction, the director now owns 114,765 shares of the company’s stock, valued at C$1,803,417.21. In other news, Director Eliseo Gonzalez-Urien sold 13,000 shares of Seabridge Gold stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of C$15.71, for a total value of C$204,282.00. Following the transaction, the director now directly owns 114,765 shares of the company’s stock, valued at approximately C$1,803,417.21. Also, Director John William Sabine sold 17,000 shares of Seabridge Gold stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of C$16.75, for a total transaction of C$284,784.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at C$418,800. Insiders sold a total of 128,400 shares of company stock valued at $2,107,782 over the last 90 days.

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.