Seabridge Gold (NYSE:SA) Upgraded at Zacks Research

Zacks Research upgraded shares of Seabridge Gold (NYSE:SA) (TSE:SEA) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Seabridge Gold Stock Performance

Shares of SA opened at $19.11 on Tuesday. The firm has a 50-day moving average price of $16.85 and a 200 day moving average price of $14.09. The firm has a market capitalization of $1.95 billion, a PE ratio of -50.28 and a beta of 0.68. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.57. Seabridge Gold has a 52-week low of $9.40 and a 52-week high of $20.55.

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

Hedge Funds Weigh In On Seabridge Gold

Several large investors have recently made changes to their positions in the business. Total Investment Management Inc. bought a new position in shares of Seabridge Gold during the 2nd quarter valued at about $28,000. Geneos Wealth Management Inc. boosted its holdings in shares of Seabridge Gold by 2.1% in the second quarter. Geneos Wealth Management Inc. now owns 48,810 shares of the basic materials company’s stock worth $709,000 after buying an additional 1,000 shares during the period. LMR Partners LLP acquired a new position in shares of Seabridge Gold in the second quarter worth about $581,000. HRT Financial LP acquired a new position in shares of Seabridge Gold in the second quarter worth about $2,366,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Seabridge Gold by 17.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,857 shares of the basic materials company’s stock worth $753,000 after buying an additional 7,865 shares during the period. 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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.