Shares of Seabridge Gold Inc. (NYSE:SA – Get Free Report) (TSE:SEA) reached a new 52-week high on Friday . The stock traded as high as $16.70 and last traded at $16.68, with a volume of 274385 shares. The stock had previously closed at $16.32.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research note on Monday, April 1st.
Get Our Latest Stock Analysis on SA
Seabridge Gold Stock Down 5.2 %
Institutional Trading of Seabridge Gold
A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Seabridge Gold by 14.4% during the first quarter. Royal Bank of Canada now owns 6,744 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 849 shares during the last quarter. Credit Suisse AG increased its position in Seabridge Gold by 1.9% during the third quarter. Credit Suisse AG now owns 49,310 shares of the basic materials company’s stock valued at $585,000 after acquiring an additional 936 shares during the last quarter. Legal & General Group Plc increased its position in Seabridge Gold by 10.3% during the second quarter. Legal & General Group Plc now owns 10,565 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 986 shares during the last quarter. IHT Wealth Management LLC increased its position in Seabridge Gold by 5.5% during the second quarter. IHT Wealth Management LLC now owns 19,100 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 1,000 shares during the last quarter. Finally, CWM LLC grew its holdings in Seabridge Gold by 10.5% during the fourth quarter. CWM LLC now owns 10,725 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 1,020 shares during the period. Hedge funds and other institutional investors 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.
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