Seabridge Gold Inc. (SA) Shares Down 3%
Seabridge Gold Inc. (NYSE:SA) shares traded down 3% during mid-day trading on Thursday . The company traded as low as $14.63 and last traded at $14.94, with a volume of 578,440 shares trading hands. The stock had previously closed at $15.41.
A number of research analysts have issued reports on the stock. Canaccord Genuity restated a “buy” rating and set a $20.00 target price (up from $15.50) on shares of Seabridge Gold in a research report on Friday, March 11th. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Seabridge Gold in a research note on Wednesday, March 9th.
The company’s market capitalization is $773.79 million. The company’s 50 day moving average price is $13.60 and its 200 day moving average price is $11.11.
An institutional investor recently raised its position in Seabridge Gold stock. Bank of Montreal Can raised its position in shares of Seabridge Gold Inc. (NYSE:SA) by 15,757.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 205,829 shares of the company’s stock after buying an additional 204,531 shares during the period. Bank of Montreal Can owned 0.40% of Seabridge Gold worth $1,707,000 as of its most recent filing with the SEC.
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.