Seabridge Gold (NYSE:SA) Shares Up 6.9% – Time to Buy?

Shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) traded up 6.9% during trading on Friday . The company traded as high as $18.64 and last traded at $18.56. 609,455 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 491,190 shares. The stock had previously closed at $17.36.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Seabridge Gold to a “sell” rating in a research report on Monday, August 19th.

Seabridge Gold Price Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $1.69 billion, a PE ratio of -268.14 and a beta of 1.14. The company has a 50-day moving average price of $17.24 and a two-hundred day moving average price of $15.83.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Confluence Investment Management LLC raised its position in shares of Seabridge Gold by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 38,662 shares of the basic materials company’s stock valued at $529,000 after purchasing an additional 1,285 shares in the last quarter. Geneos Wealth Management Inc. increased 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 purchasing an additional 1,610 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Seabridge Gold by 5.9% during the first quarter. SG Americas Securities LLC now owns 29,060 shares of the basic materials company’s stock worth $439,000 after purchasing an additional 1,629 shares during the last quarter. ORG Partners LLC grew its stake in Seabridge Gold by 735.6% in the third quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in Seabridge Gold by 33.4% during the second quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock valued at $102,000 after buying an additional 1,871 shares in the last quarter. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Company Profile

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.