Seabridge Gold Inc. (SA) Sees Strong Trading Volume
Seabridge Gold Inc. (NYSE:SA) shares saw an uptick in trading volume on Tuesday . 876,861 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 1,038,319 shares.The stock last traded at $14.88 and had previously closed at $14.91.
Several research firms have recently commented on SA. National Bank Financial reissued a “sec perform spec market wgt” rating on shares of Seabridge Gold in a report on Wednesday, March 9th. Canaccord Genuity reissued a “buy” rating and issued a $20.00 price target (up from $15.50) on shares of Seabridge Gold in a report on Friday, March 11th.
The stock’s market capitalization is $777.69 million. The stock has a 50-day moving average of $13.60 and a 200 day moving average of $11.11.
A hedge fund recently raised its stake in Seabridge Gold stock. Bank of Montreal Can increased its stake in shares of Seabridge Gold Inc. (NYSE:SA) by 15,757.4% during the fourth quarter, Holdings Channel reports. The firm owned 205,829 shares of the company’s stock after buying an additional 204,531 shares during the period. Bank of Montreal Can owned approximately 0.40% of Seabridge Gold worth $1,707,000 at the end of the most recent reporting period.
Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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