Seabridge Gold Inc. (SA) Shares Down 3%
Seabridge Gold Inc. (NYSE:SA)’s share price traded down 3% during trading on Thursday . The company traded as low as $14.63 and last traded at $14.94, with a volume of 578,440 shares traded. The stock had previously closed at $15.41.
Separately, Canaccord Genuity reiterated a “buy” rating and set a $20.00 price objective (up previously from $15.50) on shares of Seabridge Gold in a research report on Friday, March 11th.
The company’s 50 day moving average price is $13.70 and its 200-day moving average price is $11.19. The firm’s market cap is $790.64 million.
A hedge fund recently raised its stake in Seabridge Gold stock. Bank of Montreal Can raised its stake 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 about 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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