Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Seabridge Gold is a global leader in gold and mining listings. “

Seabridge Gold (NYSE:SA) opened at 9.60 on Wednesday. Seabridge Gold has a one year low of $5.46 and a one year high of $15.88. The company has a 50 day moving average price of $10.72 and a 200-day moving average price of $12.39. The firm’s market capitalization is $519.72 million.

Several hedge funds and other institutional investors have recently made changes to their positions in SA. Advisor Group Inc. acquired a new position in shares of Seabridge Gold during the second quarter valued at approximately $101,000. Clinton Group Inc. acquired a new position in shares of Seabridge Gold during the third quarter valued at approximately $134,000. Advisory Services Network LLC increased its position in shares of Seabridge Gold by 215.7% in the third quarter. Advisory Services Network LLC now owns 12,903 shares of the company’s stock valued at $142,000 after buying an additional 8,816 shares during the last quarter. IFP Advisors Inc increased its position in shares of Seabridge Gold by 13.1% in the second quarter. IFP Advisors Inc now owns 10,179 shares of the company’s stock valued at $149,000 after buying an additional 1,179 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Seabridge Gold by 31.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,361 shares of the company’s stock valued at $211,000 after buying an additional 3,476 shares during the last quarter. 25.05% of the stock is currently owned by institutional investors and hedge funds.

About Seabridge Gold

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.

5 Day Chart for NYSE:SA

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