Seabridge Gold (NYSE:SA) Shares Gap Down – Should You Sell?

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s share price gapped down before the market opened on Friday . The stock had previously closed at $13.33, but opened at $12.20. Seabridge Gold shares last traded at $11.94, with a volume of 588,236 shares.

Seabridge Gold Stock Performance

The firm has a 50 day simple moving average of $12.32 and a 200-day simple moving average of $15.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -46.15 and a beta of 1.11.

Institutional Investors Weigh In On Seabridge Gold

A number of institutional investors have recently made changes to their positions in SA. R Squared Ltd acquired a new stake in shares of Seabridge Gold during the fourth quarter valued at about $28,000. ORG Partners LLC increased its position in shares of Seabridge Gold by 735.6% during the third quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 1,655 shares during the last quarter. US Bancorp DE increased its position in shares of Seabridge Gold by 116.7% during the third quarter. US Bancorp DE now owns 2,232 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 1,202 shares during the last quarter. Signaturefd LLC increased its position in shares of Seabridge Gold by 66.9% during the third quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Seabridge Gold during the fourth quarter valued at about $70,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.

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.