Seabridge Gold (NYSE:SA) Shares Gap Up to $14.39

Shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) gapped up before the market opened on Friday . The stock had previously closed at $14.39, but opened at $14.73. Seabridge Gold shares last traded at $14.75, with a volume of 47,190 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a report on Monday, April 1st.

Seabridge Gold Stock Performance

The business has a fifty day moving average of $14.98 and a 200-day moving average of $12.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.19 and a current ratio of 3.19.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). As a group, research analysts expect that Seabridge Gold Inc. will post 0.1 EPS for the current year.

Hedge Funds Weigh In On Seabridge Gold

Large investors have recently modified their holdings of the company. CWM LLC grew its position in Seabridge Gold by 10.5% during the 4th quarter. CWM LLC now owns 10,725 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 1,020 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Seabridge Gold by 3.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 48,993 shares of the basic materials company’s stock worth $741,000 after buying an additional 1,610 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Seabridge Gold by 5.9% in the 1st quarter. SG Americas Securities LLC now owns 29,060 shares of the basic materials company’s stock worth $439,000 after buying an additional 1,629 shares during the last quarter. Alps Advisors Inc. grew its position in shares of Seabridge Gold by 0.5% in the 3rd quarter. Alps Advisors Inc. now owns 330,210 shares of the basic materials company’s stock worth $3,484,000 after buying an additional 1,700 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Seabridge Gold in the 1st quarter worth approximately $30,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.