Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Seabridge Gold is a global leader in gold and mining listings. “

Seabridge Gold (NYSE:SA) opened at 9.30 on Thursday. The stock’s 50 day moving average is $10.38 and its 200-day moving average is $12.12. The company’s market capitalization is $503.92 million. Seabridge Gold has a 1-year low of $5.46 and a 1-year high of $15.88.

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Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in Seabridge Gold during the second quarter valued at $3,760,000. Dynamic Technology Lab Private Ltd raised its position in Seabridge Gold by 31.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,361 shares of the company’s stock valued at $211,000 after buying an additional 3,476 shares during the last quarter. Prospera Financial Services Inc raised its position in Seabridge Gold by 156.9% in the second quarter. Prospera Financial Services Inc now owns 52,986 shares of the company’s stock valued at $778,000 after buying an additional 32,361 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Seabridge Gold by 39.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,988 shares of the company’s stock valued at $382,000 after buying an additional 7,347 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its position in Seabridge Gold by 82.5% in the second quarter. Fox Run Management L.L.C. now owns 21,900 shares of the company’s stock valued at $321,000 after buying an additional 9,900 shares during the last quarter. Institutional investors own 29.20% of the company’s stock.

About Seabridge Gold

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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