Seabridge Gold (NYSE:SA) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.23 and traded as high as $32.29. Seabridge Gold shares last traded at $31.2050, with a volume of 988,256 shares.

Wall Street Analyst Weigh In

SA has been the topic of several research analyst reports. Zacks Research raised shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen cut Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. B. Riley lifted their target price on Seabridge Gold from $50.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Seabridge Gold in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.00.

Seabridge Gold Price Performance

The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of -82.12 and a beta of 0.82. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $27.90 and a two-hundred day moving average price of $22.23.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Wednesday, November 12th. The basic materials company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.20).

Institutional Trading of Seabridge Gold

Large investors have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in Seabridge Gold during the 2nd quarter valued at about $26,000. Total Investment Management Inc. acquired a new stake in shares of Seabridge Gold in the second quarter valued at approximately $28,000. Caitlin John LLC bought a new stake in shares of Seabridge Gold during the third quarter valued at approximately $31,000. Blue Trust Inc. boosted its position in shares of Seabridge Gold by 974.0% during the third quarter. Blue Trust Inc. now owns 1,654 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,500 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Seabridge Gold by 100.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,500 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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.