Seabridge Gold Inc. (NYSE:SA) hit a new 52-week high on Wednesday . The company traded as high as $15.88 and last traded at $15.51, with a volume of 1,141,805 shares. The stock had previously closed at $14.93.

Separately, Canaccord Genuity reiterated a “buy” rating and issued a $20.00 target price (up from $15.50) on shares of Seabridge Gold in a report on Friday, March 11th.

The stock’s market capitalization is $773.79 million. The company’s 50 day moving average is $13.65 and its 200-day moving average is $11.14.

A hedge fund recently raised its stake in Seabridge Gold stock. Bank of Montreal Can boosted its position in Seabridge Gold Inc. (NYSE:SA) by 15,757.4% during the fourth quarter, Holdings Channel reports. The fund 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 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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