Seabridge Gold (NYSE:SA) Lowered to “Sell” Rating by Wall Street Zen

Seabridge Gold (NYSE:SA) (TSE:SEA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Seabridge Gold Trading Up 1.1%

NYSE:SA opened at $16.75 on Friday. The company has a current ratio of 9.53, a quick ratio of 9.53 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -44.08 and a beta of 0.64. The firm has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $13.17. Seabridge Gold has a 12 month low of $9.40 and a 12 month high of $20.55.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Wednesday, August 13th. The basic materials company reported $0.09 EPS for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. LMR Partners LLP acquired a new position in shares of Seabridge Gold during the second quarter valued at about $581,000. HRT Financial LP acquired a new position in shares of Seabridge Gold during the second quarter valued at about $2,366,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Seabridge Gold by 17.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,857 shares of the basic materials company’s stock valued at $753,000 after buying an additional 7,865 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Seabridge Gold during the second quarter valued at about $331,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Seabridge Gold by 96.7% during the second quarter. Balyasny Asset Management L.P. now owns 121,570 shares of the basic materials company’s stock valued at $1,765,000 after buying an additional 59,779 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

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.