Seabridge Gold (NYSE:SA) Stock Price Up 10% – Still a Buy?

Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) shares traded up 10% during trading on Thursday . The company traded as high as $35.74 and last traded at $36.0160. 400,212 shares traded hands during trading, a decline of 64% from the average session volume of 1,111,995 shares. The stock had previously closed at $32.74.

Analyst Ratings Changes

Several brokerages have recently weighed in on SA. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a report on Monday, December 29th. B. Riley boosted their price target on shares of Seabridge Gold from $50.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Zacks Research raised shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen cut shares of Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.00.

Seabridge Gold Stock Performance

The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -97.21 and a beta of 0.82. The stock’s 50-day simple moving average is $29.07 and its 200 day simple moving average is $23.00.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its earnings results on Wednesday, November 12th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.20).

Institutional Trading of Seabridge Gold

Several large investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new position in shares of Seabridge Gold in the second quarter valued at about $26,000. Total Investment Management Inc. acquired a new position in shares of Seabridge Gold during the second quarter worth approximately $28,000. Caitlin John LLC bought a new stake in shares of Seabridge Gold during the third quarter valued at approximately $31,000. Blue Trust Inc. raised its position in Seabridge Gold by 974.0% in the 3rd quarter. Blue Trust Inc. now owns 1,654 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Seabridge Gold by 100.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 34.85% of the company’s stock.

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.