Seabridge Gold (NYSE:SA) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.99 and traded as high as $24.11. Seabridge Gold shares last traded at $23.43, with a volume of 696,076 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SA shares. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Seabridge Gold in a report on Friday. Finally, Zacks Research upgraded shares of Seabridge Gold to a “hold” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Seabridge Gold presently has a consensus rating of “Reduce”.

Seabridge Gold Trading Down 1.7%

The stock has a market cap of $2.43 billion, a P/E ratio of -61.66 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.24 and a current ratio of 4.24. The firm’s fifty day simple moving average is $21.87 and its 200-day simple moving average is $16.99.

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

Institutional Trading of Seabridge Gold

Several large investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC grew its position in shares of Seabridge Gold by 209.1% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 33,318 shares of the basic materials company’s stock worth $805,000 after buying an additional 22,538 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in shares of Seabridge Gold during the 3rd quarter worth approximately $100,000. CIBC Asset Management Inc grew its position in shares of Seabridge Gold by 2.3% during the 3rd quarter. CIBC Asset Management Inc now owns 74,958 shares of the basic materials company’s stock worth $1,806,000 after buying an additional 1,694 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Seabridge Gold during the 3rd quarter worth approximately $121,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Seabridge Gold by 5.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,304 shares of the basic materials company’s stock worth $744,000 after buying an additional 1,434 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

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.